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

MSP Recovery, Inc. (NASDAQ:LIFW) shares 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

NASDAQ:LIFW opened at $0.07 on Friday. MSP Recovery has a one year low of $0.06 and a one year high of $7.65. 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 stock has a market cap of $10.61 million, a PE ratio of -0.01 and a beta of -2.29. The stock has a 50 day moving average price of $0.12 and a 200 day moving average price of $0.17.

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

Insiders Place Their Bets

In other news, CEO John Hasan Ruiz acquired 360,620 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was acquired at an average cost of $0.28 per share, with a total value of $100,973.60. Following the completion of the purchase, the chief executive officer now owns 1,741,406 shares of the company’s stock, valued at $487,593.68. This represents a 26.12 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 86.52% of the stock is owned by 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.