Litigation Capital Management (LON:LIT) Shares Down 16.5% – Here’s Why

Litigation Capital Management Limited (LON:LIT) shares fell 16.5% on Tuesday . The company traded as low as GBX 5.50 and last traded at GBX 5.68. 2,277,000 shares traded hands during mid-day trading, an increase of 341% from the average session volume of 516,485 shares. The stock had previously closed at GBX 6.80.

Litigation Capital Management Trading Down 10.8%

The company has a current ratio of 10.33, a quick ratio of 3.01 and a debt-to-equity ratio of 67.98. The stock has a market cap of £4.31 million, a price-to-earnings ratio of -0.06 and a beta of 0.31. The company has a fifty day simple moving average of GBX 8.44 and a 200-day simple moving average of GBX 10.86.

Litigation Capital Management Company Profile

Litigation Capital Management (“LCM”) is an alternative asset manager specialising in litigation financing solutions internationally. Through our two business models, direct balance sheet and third party fund management, we create value through our three primary investment strategies – single-cases; case portfolios; and acquisition of insolvency claims.