Manolete Partners (LON:MANO) Shares Up 10.3% – Still a Buy?

Manolete Partners Plc (LON:MANO) shares shot up 10.3% during mid-day trading on Friday . The company traded as high as GBX 60 and last traded at GBX 59. 179,684 shares traded hands during trading, an increase of 96% from the average session volume of 91,900 shares. The stock had previously closed at GBX 53.50.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group dropped their price objective on shares of 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, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 130.

Manolete Partners Stock Performance

The firm’s fifty day moving average price is GBX 55.72 and its two-hundred day moving average price is GBX 76.54. The stock has a market capitalization of £26.29 million, a PE ratio of 42.55 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 posted its earnings results on Wednesday, November 19th. The company reported GBX (1.09) EPS for the quarter. Manolete Partners had a net margin of 180.12% and a return on equity of 109.76%. As a group, equities research analysts forecast that Manolete Partners Plc will post 4.2845258 EPS for the current year.

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.