Manolete Partners (LON:MANO) Stock Price Up 14.3% – Still a Buy?

Manolete Partners Plc (LON:MANO)’s stock price was up 14.3% during mid-day trading on Tuesday . The stock traded as high as GBX 64 and last traded at GBX 64. Approximately 1,016,676 shares traded hands during trading, an increase of 1,123% from the average daily volume of 83,141 shares. The stock had previously closed at GBX 56.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group cut their price objective 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 research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 130.

Manolete Partners Stock Up 14.3%

The company has a debt-to-equity ratio of 33.92, a quick ratio of 6.25 and a current ratio of 4.92. The stock has a market capitalization of £28.04 million, a P/E ratio of 45.39 and a beta of 0.77. The stock’s fifty day simple moving average is GBX 75 and its two-hundred day simple moving average is GBX 84.34.

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 net margin of 180.12% and a return on equity of 109.76%. As a group, research analysts expect that Manolete Partners Plc will post 4.2845258 EPS for the current fiscal year.

Insiders Place Their Bets

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