Burford Capital (LON:BUR) Share Price Passes Below 200 Day Moving Average - Time to Sell?

Shares of Burford Capital Limited (LON:BUR - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,056.34 ($14.33) and traded as low as GBX 950 ($12.89). Burford Capital shares last traded at GBX 951.50 ($12.91), with a volume of 151,164 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 1,600 ($21.71) price objective on shares of Burford Capital in a research note on Thursday, May 8th.

Burford Capital Trading Down 2.8%

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 stock has a market cap of £2.54 billion, a P/E ratio of 16.54, a price-to-earnings-growth ratio of 1.09 and a beta of 0.94. The business's fifty day simple moving average is GBX 1,001.55 and its 200 day simple moving average is GBX 1,056.34.

About Burford Capital

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 it works with companies and law firms around the world from its offices in New York, London, Chicago, Washington, DC, Singapore, Dubai, Sydney and Hong Kong.