Burford Capital (LON:BUR) Stock Price Down 8.2% - Time to Sell?

Burford Capital Limited (LON:BUR - Get Free Report) shares were down 8.2% during trading on Tuesday . The stock traded as low as GBX 847 ($11.39) and last traded at GBX 853.50 ($11.48). Approximately 1,579,974 shares traded hands during mid-day trading, an increase of 386% from the average daily volume of 325,200 shares. The stock had previously closed at GBX 930 ($12.51).

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 1,600 ($21.52) price target on shares of Burford Capital in a research report on Thursday, May 8th.

Burford Capital Trading Up 0.1%

The stock has a market cap of £2.25 billion, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 1.09 and a beta of 0.94. The firm's 50 day simple moving average is GBX 991.08 and its two-hundred day simple moving average is GBX 1,047.76. The company has a quick ratio of 8.01, a current ratio of 15.07 and a debt-to-equity ratio of 77.74.

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.