Litigation Capital Management (LON:LIT) Hits New 12-Month Low at $84.50

Litigation Capital Management Limited (LON:LIT)’s share price reached a new 52-week low on Tuesday . The company traded as low as GBX 84.50 ($1.12) and last traded at GBX 94 ($1.24), with a volume of 792413 shares. The stock had previously closed at GBX 99.10 ($1.31).

Litigation Capital Management Stock Down 5.1 %

The company’s 50-day simple moving average is GBX 103.84 and its two-hundred day simple moving average is GBX 107.13. The company has a debt-to-equity ratio of 32.25, a quick ratio of 3.01 and a current ratio of 36.19. The firm has a market cap of £108.66 million, a PE ratio of 492.11 and a beta of 0.31.

Litigation Capital Management Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, October 31st will be paid a dividend of GBX 1.25 ($0.02) per share. The ex-dividend date is Thursday, October 31st. This represents a yield of 1.26%. Litigation Capital Management’s dividend payout ratio is currently 1,052.63%.

About Litigation Capital Management

Litigation Capital Management Limited provides dispute finance and risk management services in Australia and the United Kingdom. The company operates in two business models, including direct investments made from LCM's permanent balance sheet capital; and fund and/or asset management. Its products and services include dispute finance for companies, international arbitration, and law firms; disbursement funding; enforcement funding/purchase of award; and adverse cost and security for costs.