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

MSP Recovery, Inc. (NASDAQ:LIFWFree Report)’s stock is set 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 closing bell on Friday, November 15th.

MSP Recovery Stock Down 14.1 %

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

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

Insider Buying and Selling

In related news, CEO John Hasan Ruiz purchased 360,620 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was bought at an average price of $0.28 per share, with a total value of $100,973.60. Following the completion of the transaction, the chief executive officer now owns 1,741,406 shares of the company’s stock, valued at approximately $487,593.68. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 86.52% of the stock is currently owned by insiders.

MSP Recovery Company Profile

(Get Free Report)

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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