Manolete Partners (LON:MANO) Stock Price Down 2.3% – Time to Sell?

Manolete Partners Plc (LON:MANO) shares traded down 2.3% during trading on Tuesday . The stock traded as low as GBX 85.50 ($1.15) and last traded at GBX 85.50 ($1.15). 19,838 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 79,440 shares. The stock had previously closed at GBX 87.50 ($1.17).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 172 price objective on shares of Manolete Partners in a research note on Tuesday, September 16th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Manolete Partners presently has a consensus rating of “Buy” and an average target price of GBX 172.

Manolete Partners Stock Performance

The company has a current ratio of 4.92, a quick ratio of 6.25 and a debt-to-equity ratio of 33.92. The stock has a market capitalization of £37.46 million, a PE ratio of 4,253.73 and a beta of 0.77. The business’s 50 day moving average is GBX 92.90 and its 200 day moving average is GBX 87.13.

Manolete Partners Company Profile

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.