Manolete Partners (LON:MANO) Reaches New 52-Week Low – Should You Sell?

Manolete Partners Plc (LON:MANO)’s stock price reached a new 52-week low during trading on Tuesday. The company traded as low as GBX 30 and last traded at GBX 31.19, with a volume of 148,338 shares traded. The stock had previously closed at GBX 31.

Wall Street Analysts Forecast Growth

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

Manolete Partners Price Performance

The company has a debt-to-equity ratio of 30.06, a current ratio of 7.43 and a quick ratio of 6.25. The firm has a market capitalization of £13.72 million, a P/E ratio of 12.68 and a beta of 0.59. The company’s 50 day moving average price is GBX 37.67 and its 200 day moving average price is GBX 44.12.

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.