Burford Capital (LON:BUR) Shares Cross Below 200-Day Moving Average - Here's What Happened

Shares of Burford Capital Limited (LON:BUR - Get Free Report) passed 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 changing hands.

Analyst Upgrades and Downgrades

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

Burford Capital Stock Up 0.5%

The company has a quick ratio of 8.01, a current ratio of 15.07 and a debt-to-equity ratio of 77.74. The company has a market cap of £2.56 billion, a PE ratio of 16.61, a P/E/G ratio of 1.09 and a beta of 0.94. The stock has a 50-day moving average of GBX 1,000.25 and a 200-day moving average of GBX 1,054.54.

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.