Burford Capital (LON:BUR) Share Price Crosses Below 200 Day Moving Average - Here's What Happened

Key Points

• Burford Capital shares have fallen below their 200-day moving average of GBX 996.43, indicating a potential downturn as the stock traded as low as GBX 931.50 on Tuesday.
• The company's market capitalization stands at £2.04 billion with a P/E ratio of 16.69, reflecting its valuation metrics amidst recent trading activity.
• Burford Capital is recognized as a leading global finance and asset management firm specializing in litigation finance, operating across various legal finance and advisory services worldwide.

Burford Capital Limited (LON:BUR - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 996.43 ($13.43) and traded as low as GBX 931.50 ($12.55). Burford Capital shares last traded at GBX 935 ($12.60), with a volume of 111,048 shares changing hands.

Burford Capital Stock Performance

The company has a current ratio of 15.07, a quick ratio of 8.01 and a debt-to-equity ratio of 77.74. The firm has a market cap of £2.05 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 1.09 and a beta of 0.94. The stock has a fifty day moving average price of GBX 996.51 and a 200 day moving average price of GBX 993.56.

Burford Capital Company Profile

Burford Capital is the leading global finance and asset management firm focused on law. Its businesses include litigation finance and risk management, asset recovery and a wide range of legal finance and advisory activities. Burford is publicly traded on the New York Stock Exchange NYSE: BUR and the London Stock Exchange LSE: BUR and works with companies and law firms around the world from its global network of offices.