Manolete Partners (LON:MANO) Shares Down 0.2% – What’s Next?

Manolete Partners Plc (LON:MANO)’s stock price dropped 0.2% during mid-day trading on Thursday . The stock traded as low as GBX 40 and last traded at GBX 41.90. Approximately 54,580 shares were traded during mid-day trading, a decline of 30% from the average session volume of 77,599 shares. The stock had previously closed at GBX 42.

Wall Street Analysts Forecast Growth

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

Manolete Partners Price Performance

The company has a debt-to-equity ratio of 30.06, a quick ratio of 6.25 and a current ratio of 7.43. The company has a 50-day moving average of GBX 40.33 and a 200-day moving average of GBX 47.29. The stock has a market capitalization of £18.36 million, a price-to-earnings ratio of 17.03 and a beta of 0.59.

Manolete Partners (LON:MANO) last announced its earnings results on Thursday, June 25th. The company reported GBX 2.50 EPS for the quarter. The firm had revenue of GBX 2,788 million for the quarter. Manolete Partners had a return on equity of 2.62% and a net margin of 3.92%. As a group, equities research analysts expect 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 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.