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Burford Capital (LON:BUR) Stock Price Passes Below 200 Day Moving Average - Here's Why

Burford Capital logo with Financial Services background

Burford Capital Limited (LON:BUR - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,044.56 ($14.22) and traded as low as GBX 812.10 ($11.05). Burford Capital shares last traded at GBX 827.50 ($11.26), with a volume of 235,941 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a "buy" rating and set a GBX 1,600 ($21.78) price objective on shares of Burford Capital in a report on Thursday, May 8th.

Read Our Latest Report on Burford Capital

Burford Capital Stock Performance

The firm has a market cap of £2.29 billion, a P/E ratio of 14.86, a PEG ratio of 1.09 and a beta of 0.94. The stock's 50 day moving average is GBX 982.97 and its two-hundred day moving average is GBX 1,044.56. The company has a debt-to-equity ratio of 77.74, a current ratio of 15.07 and a quick ratio of 8.01.

Burford Capital Company Profile

(Get Free Report)

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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