MSP Recovery, Inc. (NASDAQ:MSPRZ – Get Rating)'s share price dropped 19.5% during mid-day trading on Thursday . The stock traded as low as $0.70 and last traded at $0.70. Approximately 755 shares traded hands during trading, a decline of 99% from the average daily volume of 81,230 shares. The stock had previously closed at $0.87.

MSP Recovery Trading Down 19.5 %

The company's 50 day moving average is $1.10 and its 200-day moving average is $1.19.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MSP Recovery stock. Nomura Holdings Inc. acquired a new position in shares of MSP Recovery, Inc. (NASDAQ:MSPRZ – Get Rating) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 27,500 shares of the company's stock, valued at approximately $61,000.

About MSP Recovery

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MSP Recovery, Inc provides compliance solutions for the healthcare industry in the United States. The company offers Medicare, Medicaid, commercial, and secondary payer reimbursement recovery services. Its data analytics platform identifies and uncovers historical waste and helps to support the long-term sustainability of Medicare and Medicaid programs, as well as recovers monies owed to hospitals, health insurance companies, and medical providers.

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