Burford Capital (LON:BUR) Share Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Burford Capital Limited (LON:BUR - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,069.44 ($14.19) and traded as low as GBX 981 ($13.02). Burford Capital shares last traded at GBX 1,014.34 ($13.46), with a volume of 260,930 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 1,600 ($21.23) target price on shares of Burford Capital in a research note on Friday, April 4th.

Burford Capital Price Performance

The stock has a 50-day moving average price of GBX 1,038.59 and a two-hundred day moving average price of GBX 1,069.37. The stock has a market cap of £2.86 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 1.09 and a beta of 0.94. The company has a current ratio of 15.07, a quick ratio of 8.01 and a debt-to-equity ratio of 77.74.

Burford Capital Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be paid a $0.06 dividend. The ex-dividend date is Thursday, May 22nd. This represents a yield of 0.45%. Burford Capital's dividend payout ratio (DPR) is 17.89%.

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.