MSP Recovery (NASDAQ:LIFW) Trading Down 11.4% – Time to Sell?

MSP Recovery, Inc. (NASDAQ:LIFW) dropped 11.4% during mid-day trading on Tuesday . The company traded as low as $0.52 and last traded at $0.53. Approximately 196,471 shares were traded during trading, a decline of 75% from the average daily volume of 770,793 shares. The stock had previously closed at $0.60.

MSP Recovery Trading Down 11.4%

The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 0.85. The stock’s 50 day moving average price is $1.04 and its 200-day moving average price is $1.51. The stock has a market capitalization of $3.49 million, a P/E ratio of 0.00 and a beta of -2.38.

Institutional Investors Weigh In On MSP Recovery

A hedge fund recently bought a new stake in MSP Recovery stock. Pin Oak Investment Advisors Inc. bought a new stake in MSP Recovery, Inc. (NASDAQ:LIFW) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 29,181 shares of the company’s stock, valued at approximately $95,000. Pin Oak Investment Advisors Inc. owned approximately 0.44% of MSP Recovery as of its most recent SEC filing. Institutional investors own 3.77% of the company’s stock.

About MSP Recovery

MSP Recovery, Inc, doing business as LifeWallet, operates as a healthcare recovery and data analytics company in the United States and Puerto Rico. The company offers claims recovery services, including services to related parties or third parties to assist entities with pursuit of claims recovery rights.