Burford Capital (LON:BUR) Stock Price Down 8.2% - Here's Why

Burford Capital Limited (LON:BUR - Get Free Report) traded down 8.2% during trading on Tuesday . The stock traded as low as GBX 847 ($11.49) and last traded at GBX 853.50 ($11.58). 1,579,974 shares traded hands during mid-day trading, an increase of 386% from the average session volume of 325,200 shares. The stock had previously closed at GBX 930 ($12.62).

Analyst Upgrades and Downgrades

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

Burford Capital Stock Down 12.0%

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 fifty day moving average price of GBX 1,000.25 and a 200 day moving average price of GBX 1,054.54. The firm has a market capitalization of £2.25 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 1.09 and a beta of 0.94.

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.

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