Manolete Partners (LON:MANO) Trading 10.3% Higher – Here’s Why

Shares of Manolete Partners Plc (LON:MANO) were up 10.3% on Friday . The company traded as high as GBX 60 and last traded at GBX 59. Approximately 179,684 shares were traded during trading, an increase of 96% from the average daily volume of 91,900 shares. The stock had previously closed at GBX 53.50.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group cut their price objective on shares of Manolete Partners from GBX 172 to GBX 130 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Manolete Partners presently has an average rating of “Buy” and an average target price of GBX 130.

Manolete Partners Stock Up 1.7%

The company has a quick ratio of 6.25, a current ratio of 4.92 and a debt-to-equity ratio of 33.92. The company has a fifty day moving average of GBX 55.51 and a 200 day moving average of GBX 76.38. The company has a market cap of £26.29 million, a P/E ratio of 42.55 and a beta of 0.77.

Manolete Partners (LON:MANO) last issued its quarterly earnings data on Wednesday, November 19th. The company reported GBX (1.09) earnings per share for the quarter. Manolete Partners had a return on equity of 109.76% and a net margin of 180.12%. On average, research analysts anticipate that Manolete Partners Plc will post 4.2845258 earnings per share for the current fiscal year.

About Manolete Partners

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. The Company has invested in over 1,300 specialist UK insolvency cases and has recovered over £120m for Creditor Estates with an average case duration of just 12 months per case.