MSP Recovery (NASDAQ:LIFW) Trading Up 5.7%

MSP Recovery, Inc. (NASDAQ:LIFW)’s share price traded up 5.7% during trading on Wednesday . The stock traded as high as $0.30 and last traded at $0.26. 6,311,591 shares traded hands during mid-day trading, an increase of 221% from the average session volume of 1,965,950 shares. The stock had previously closed at $0.25.

MSP Recovery Stock Performance

The company has a debt-to-equity ratio of 0.57, a current ratio of 0.23 and a quick ratio of 0.23. The business has a 50 day moving average price of $0.32 and a 200 day moving average price of $0.49. The stock has a market capitalization of $38.01 million, a PE ratio of -0.04 and a beta of -2.31.

Insiders Place Their Bets

In other MSP Recovery news, CEO John Hasan Ruiz purchased 360,620 shares of the stock in a transaction dated Thursday, August 22nd. The shares were purchased at an average cost of $0.28 per share, with a total value of $100,973.60. Following the completion of the acquisition, the chief executive officer now directly owns 1,741,406 shares in the company, valued at approximately $487,593.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 19.40% of the company’s stock.

MSP Recovery Company Profile

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.