MSP Recovery (NASDAQ:LIFW) Stock to Reverse Split on Monday, November 18th

Shares of MSP Recovery, Inc. (NASDAQ:LIFW) are going to reverse split before the market opens on Monday, November 18th. The 1-25 reverse split was announced on Tuesday, November 12th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, November 15th.

MSP Recovery Price Performance

LIFW stock opened at $0.10 on Thursday. The firm has a 50 day moving average price of $0.13 and a 200-day moving average price of $0.18. MSP Recovery has a 52-week low of $0.08 and a 52-week high of $7.65. The firm has a market capitalization of $14.25 million, a price-to-earnings ratio of -0.02 and a beta of -2.29. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.14 and a current ratio of 0.14.

MSP Recovery (NASDAQ:LIFW) last released its earnings results on Wednesday, August 14th. The company reported ($1.49) earnings per share (EPS) for the quarter. MSP Recovery had a negative net margin of 1,162.14% and a negative return on equity of 5.50%. The business had revenue of $0.34 million for the quarter.

Insider Buying and Selling

In other news, CEO John Hasan Ruiz acquired 360,620 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was bought at an average cost of $0.28 per share, for a total transaction of $100,973.60. Following the acquisition, the chief executive officer now directly owns 1,741,406 shares in the company, valued at approximately $487,593.68. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 86.52% of the stock is owned by company insiders.

About MSP Recovery

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.