MSP Recovery (NASDAQ:LIFW) Shares Down 7.1% – Should You Sell?

MSP Recovery, Inc. (NASDAQ:LIFW)’s share price was down 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 were traded during 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 firm’s fifty day moving average is $3.04 and its 200-day moving average is $4.20. 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 $246.25 million, a P/E ratio of -0.30 and a beta of -2.29.

Insider Transactions at MSP Recovery

In related news, CEO John Hasan Ruiz purchased 14,424 shares of the stock in a transaction dated Thursday, August 22nd. The stock was bought at an average cost of $7.00 per share, with a total value of $100,968.00. Following the purchase, the chief executive officer now directly owns 69,656 shares in the company, valued at $487,592. The trade was a 26.12 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at 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.