Manolete Partners (LON:MANO) Hits New 12-Month Low – Should You Sell?

Manolete Partners Plc (LON:MANO) reached a new 52-week low during trading on Wednesday. The company traded as low as GBX 32 and last traded at GBX 33.60, with a volume of 107,701 shares traded. The stock had previously closed at GBX 35.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 67 target price on shares of Manolete Partners in a research note on Wednesday, October 7th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 67.

Manolete Partners Stock Performance

The stock has a 50-day simple moving average of GBX 38.18 and a 200-day simple moving average of GBX 44.67. The company has a market capitalization of £14.78 million, a price-to-earnings ratio of 13.66 and a beta of 0.59. The company has a current ratio of 7.43, a quick ratio of 6.25 and a debt-to-equity ratio of 30.06.

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.