Manolete Partners (LON:MANO) Issues Quarterly Earnings Results

Manolete Partners (LON:MANO) released its quarterly earnings data on Thursday. The company reported GBX 2.50 earnings per share for the quarter, Digital Look Earnings reports. The business had revenue of GBX 2,788 million during the quarter. Manolete Partners had a return on equity of 1.54% and a net margin of 2.23%.

Manolete Partners Stock Performance

Shares of Manolete Partners stock remained flat at GBX 35 on Thursday. 262,258 shares of the stock were exchanged, compared to its average volume of 77,622. The business has a 50-day simple moving average of GBX 40.64 and a 200 day simple moving average of GBX 51.53. Manolete Partners has a twelve month low of GBX 33 and a twelve month high of GBX 118. The company has a current ratio of 3.98, a quick ratio of 6.25 and a debt-to-equity ratio of 28.95. The stock has a market cap of £15.33 million, a price-to-earnings ratio of 24.82 and a beta of 0.60.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group dropped their target price on shares of Manolete Partners from GBX 130 to GBX 67 and set a “buy” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 67.

Manolete Partners Company Profile

Manolete Partners Plc is the UK’s leading insolvency claims financing company. Serving a growing market worth over £500 million annually, the Company has a highly experienced team with coverage across the UK and a proven track record of generating strong historic returns across over 1,300 cases financed and completed to date.

Widely recognised as the industry leader, Manolete is the only company in the insolvency litigation funding section to be ranked in Band 1 of the legal industry’s prestigious Chambers Guide five times.