MSP Recovery (NASDAQ:LIFW) Stock Price Down 13.6% – Should You Sell?

Shares of MSP Recovery, Inc. (NASDAQ:LIFW) dropped 13.6% during trading on Thursday . The company traded as low as $0.91 and last traded at $0.98. Approximately 876,006 shares changed hands during trading, an increase of 14% from the average daily volume of 770,793 shares. The stock had previously closed at $1.13.

MSP Recovery Stock Performance

The company has a market capitalization of $6.41 million, a PE ratio of -0.01 and a beta of -2.38. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 0.85. The firm’s 50-day simple moving average is $3.41 and its 200-day simple moving average is $7.72.

Institutional Investors Weigh In On MSP Recovery

An institutional investor recently bought a new position in MSP Recovery stock. Two Sigma Investments LP acquired a new stake in MSP Recovery, Inc. (NASDAQ:LIFW) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,369 shares of the company’s stock, valued at approximately $43,000. Two Sigma Investments LP owned 0.20% of MSP Recovery at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.77% of the company’s stock.

MSP Recovery Company Profile

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.