MSP Recovery (NASDAQ:MSPR) Trading Down 5.8% – Here’s What Happened

MSP Recovery, Inc. (NASDAQ:MSPR) dropped 5.8% during mid-day trading on Wednesday . The company traded as low as $0.30 and last traded at $0.3255. Approximately 1,513,731 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 6,803,912 shares. The stock had previously closed at $0.3456.

Analyst Ratings Changes

MSPR has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of MSP Recovery in a report on Wednesday, October 8th. Wall Street Zen cut MSP Recovery to a “strong sell” rating in a research report on Saturday, September 13th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, MSP Recovery has an average rating of “Sell”.

MSP Recovery Trading Down 5.8%

The firm has a market capitalization of $4.64 million, a PE ratio of 0.00 and a beta of -2.96. The firm’s fifty day moving average price is $0.62 and its 200 day moving average price is $4.10.

MSP Recovery (NASDAQ:MSPR) last posted its earnings results on Wednesday, November 19th. The company reported ($132.71) earnings per share (EPS) for the quarter. MSP Recovery had a negative net margin of 7,328.48% and a negative return on equity of 326.80%. The business had revenue of $0.20 million for the quarter.

Institutional Trading of MSP Recovery

An institutional investor recently bought a new position in MSP Recovery stock. Pin Oak Investment Advisors Inc. bought a new position in shares of MSP Recovery, Inc. (NASDAQ:MSPR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 153,503 shares of the company’s stock, valued at approximately $194,000. Pin Oak Investment Advisors Inc. owned 1.86% of MSP Recovery as of its most recent SEC filing. 3.77% of the stock is currently owned by institutional investors.

MSP Recovery Company Profile

MSP Recovery, Inc engages in the development of healthcare recoveries and data analytics software. It also focuses on the identification and recoveries of improper payments made by Medicare, Medicaid, and commercial insurance spaces using data and analytics. The company was founded by John H. Ruiz, Frank C.