Manolete Partners (LON:MANO) Sets New 52-Week Low – What’s Next?

Manolete Partners Plc (LON:MANO) shares reached a new 52-week low on Monday . The stock traded as low as GBX 53 and last traded at GBX 55.50, with a volume of 466622 shares traded. The stock had previously closed at GBX 57.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reduced their target price on Manolete Partners from GBX 172 to GBX 130 and set a “buy” rating on the stock in a report on Wednesday, November 19th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 130.

Manolete Partners Price Performance

The firm has a 50-day simple moving average of GBX 68.85 and a 200-day simple moving average of GBX 82.07. The firm has a market cap of £24.32 million, a P/E ratio of 39.36 and a beta of 0.77. The company has a current ratio of 4.92, a quick ratio of 6.25 and a debt-to-equity ratio of 33.92.

Manolete Partners (LON:MANO) last announced its earnings results on Wednesday, November 19th. The company reported GBX (1.09) EPS for the quarter. Manolete Partners had a return on equity of 109.76% and a net margin of 180.12%. As a group, analysts forecast that Manolete Partners Plc will post 4.2845258 EPS for the current year.

Insider Activity at Manolete Partners

In related news, insider Leigh of Hurley sold 65,000 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of GBX 71, for a total transaction of £46,150. 11.70% of the stock is owned by corporate insiders.

Manolete Partners Company Profile

Manolete Partners Plc is the UK’s leading insolvency litigation financing company which was founded in 2009 by its Chief Executive, Steven Cooklin, a UK Chartered Accountant.

Manolete finances the pursuit of claims through litigation and alternative dispute resolution to produce optimal returns for the creditors of insolvent companies. The Company has invested in over 1,300 specialist UK insolvency cases and has recovered over £120m for Creditor Estates with an average case duration of just 12 months per case.