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Life Stock Gaps Down On Today's Open (LPHI)

By TheStreet Wire 01/04/12 - 08:56 AM EST

Find out if (LPHI) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Shares of Life Partners Holdings (Nasdaq:LPHI) were gapping down Wednesday morning with an open price 36.1% lower than Tuesday's closing price. The stock closed at $6.37 Tuesday and opened today's trading at $4.07.

The average volume for Life has been 113,500 shares per day over the past 30 days. Life has a market cap of $120.5 million and is part of the financial sector and insurance industry. Shares are down 57.8% year to date as of the close of trading on Tuesday.

Life Partners Holdings, Inc., through its subsidiary, Life Partners, Inc., operates in the secondary market for life insurance in the United States. It facilitates life settlement transactions by identifying, examining, and purchasing the policies as agent for the purchasers. The company has a P/E ratio of 20.2, above the average insurance industry P/E ratio of 18.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Life as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and premium valuation. You can view the full Life Ratings Report.

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