MSP Recovery, Inc. (NASDAQ:LIFW – Get Free Report)’s stock price dropped 2.3% during trading on Wednesday . The stock traded as low as $0.85 and last traded at $0.86. Approximately 169,253 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 2,377,610 shares. The stock had previously closed at $0.88.
MSP Recovery Trading Down 2.3 %
The company’s fifty day simple moving average is $1.06 and its two-hundred day simple moving average is $0.93. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.48.
MSP Recovery (NASDAQ:LIFW – Get Free Report) last released its quarterly earnings data on Monday, April 15th. The company reported ($1.91) EPS for the quarter. The firm had revenue of $0.73 million during the quarter. MSP Recovery had a negative net margin of 731.32% and a negative return on equity of 12.92%.
Insider Transactions at MSP Recovery
Institutional Inflows and Outflows
An institutional investor recently raised its position in MSP Recovery stock. Palantir Technologies Inc. raised its position in MSP Recovery, Inc. (NASDAQ:LIFW – Free Report) by 317.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 9,038,838 shares of the company’s stock after acquiring an additional 6,873,651 shares during the period. MSP Recovery comprises 20.5% of Palantir Technologies Inc.’s portfolio, making the stock its 3rd biggest position. Palantir Technologies Inc. owned about 6.57% of MSP Recovery worth $1,989,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.77% of the company’s stock.
MSP Recovery Company Profile
MSP Recovery, Inc, doing business as LifeWallet, operates as a healthcare recoveries and data analytics company in the United States and Puerto Rico. The company offers claims recovery services, including services to related parties or third parties to assist entities with pursuit of claims recovery rights.
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