Litigation Capital Management (LON:LIT) Trading Down 10.9% – Here’s What Happened

Litigation Capital Management Limited (LON:LIT)’s share price dropped 10.9% on Wednesday . The company traded as low as GBX 82 ($1.02) and last traded at GBX 82 ($1.02). Approximately 701,979 shares were traded during trading, an increase of 115% from the average daily volume of 326,569 shares. The stock had previously closed at GBX 92 ($1.14).

Analyst Upgrades and Downgrades

LIT has been the subject of a number of analyst reports. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 182 ($2.26) target price on shares of Litigation Capital Management in a report on Tuesday, December 17th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 182 ($2.26) target price on shares of Litigation Capital Management in a report on Tuesday, December 17th.

Litigation Capital Management Trading Down 7.8 %

The stock’s 50 day moving average is GBX 104.13 and its 200-day moving average is GBX 105.34. The company has a market capitalization of £86.96 million, a P/E ratio of 1,413.33 and a beta of 0.31. The company has a debt-to-equity ratio of 32.77, a current ratio of 17.54 and a quick ratio of 3.01.

About Litigation Capital Management

Litigation Capital Management (“LCM”) is an alternative asset manager specialising in litigation financing solutions internationally. Through our two business models, direct balance sheet and third party fund management, we create value through our three primary investment strategies – single-cases; case portfolios; and acquisition of insolvency claims.