Manolete Partners (LON:MANO) Trading 4.8% Higher – Here’s Why

Shares of Manolete Partners Plc (LON:MANO) were up 4.8% during mid-day trading on Thursday . The company traded as high as GBX 44 and last traded at GBX 44. 2,485 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 84,117 shares. The stock had previously closed at GBX 42.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group cut their target price on shares of Manolete Partners from GBX 130 to GBX 67 and set a “buy” rating for the company in a research note on Thursday, June 25th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 67.

Manolete Partners Stock Up 4.8%

The company has a current ratio of 7.43, a quick ratio of 6.25 and a debt-to-equity ratio of 30.06. The stock has a market capitalization of £19.28 million, a P/E ratio of 17.89 and a beta of 0.59. The business has a 50-day moving average price of GBX 39.01 and a 200 day moving average price of GBX 48.90.

Manolete Partners (LON:MANO) last announced its quarterly earnings results on Thursday, June 25th. The company reported GBX 2.50 earnings per share for the quarter. The company had revenue of GBX 2,788 million for the quarter. Manolete Partners had a net margin of 3.92% and a return on equity of 2.62%. On average, equities analysts expect that Manolete Partners Plc will post 4.2845258 EPS for the current fiscal year.

Manolete Partners Company Profile

Manolete Partners Plc is the UK’s leading insolvency claims financing company. Serving a growing market worth over £500 million annually, the Company has a highly experienced team with coverage across the UK and a proven track record of generating strong historic returns across over 1,300 cases financed and completed to date.

Widely recognised as the industry leader, Manolete is the only company in the insolvency litigation funding section to be ranked in Band 1 of the legal industry’s prestigious Chambers Guide five times.