MSP Recovery (NASDAQ:LIFW) Trading Down 7.1% – Time to Sell?

Shares of MSP Recovery, Inc. (NASDAQ:LIFWGet Free Report) dropped 7.1% during mid-day trading on Monday . The company traded as low as $1.48 and last traded at $1.69. Approximately 352,006 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 15,586,536 shares. The stock had previously closed at $1.82.

MSP Recovery Stock Down 7.1 %

The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.14 and a current ratio of 0.14. The business’s 50 day simple moving average is $3.04 and its 200-day simple moving average is $4.20. The company has a market cap of $246.25 million, a price-to-earnings ratio of -0.30 and a beta of -2.29.

Insider Activity at MSP Recovery

In other news, CEO John Hasan Ruiz acquired 14,424 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was acquired at an average cost of $7.00 per share, with a total value of $100,968.00. Following the acquisition, the chief executive officer now owns 69,656 shares in the company, valued at approximately $487,592. This represents a 26.12 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 86.52% of the stock is currently owned by company insiders.

About MSP Recovery

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MSP Recovery, Inc, doing business as LifeWallet, operates as a healthcare recovery 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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