Manolete Partners (LON:MANO) Sets New 1-Year Low – Time to Sell?

Manolete Partners Plc (LON:MANO) hit a new 52-week low on Tuesday . The company traded as low as GBX 53 and last traded at GBX 55, with a volume of 95581 shares changing hands. The stock had previously closed at GBX 57.

Wall Street Analyst Weigh In

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

Manolete Partners Price Performance

The firm has a market capitalization of £24.10 million, a P/E ratio of 39.01 and a beta of 0.77. The stock’s fifty day simple moving average is GBX 63.46 and its 200 day simple moving average is GBX 80.17. The company has a debt-to-equity ratio of 33.92, a current ratio of 4.92 and a quick ratio of 6.25.

Manolete Partners (LON:MANO) last released its quarterly earnings results on Wednesday, November 19th. The company reported GBX (1.09) earnings per share (EPS) for the quarter. Manolete Partners had a return on equity of 109.76% and a net margin of 180.12%. On average, equities research analysts predict that Manolete Partners Plc will post 4.2845258 EPS for the current year.

Insiders Place Their Bets

In other Manolete Partners news, insider Leigh of Hurley sold 65,000 shares of the stock in a transaction dated Friday, November 21st. The stock was sold at an average price of GBX 71, for a total transaction of £46,150. Corporate insiders own 11.70% of the company’s stock.

About Manolete Partners

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.