Burford Capital (LON:BUR) Trading Down 40.6% - Here's What Happened

Key Points

• Burford Capital shares plunged 40.6% in mid-day trading, falling to as low as GBX 299.80 from a prior close of GBX 588 and last quoted at GBX 349.40.
• Trading volume spiked to about 49,546,305 shares, roughly a 3,887% increase over the average daily volume of 1,242,823 shares.
• The stock now trades well below its 50- and 200-day moving averages (GBX 652.45 and GBX 724.46) and has a market cap of £764.83 million, a P/E of 12.48 and a debt-to-equity ratio of 87.46.

Burford Capital Limited (LON:BUR - ) was down 40.6% during mid-day trading on Saturday . The stock traded as low as GBX 299.80 and last traded at GBX 349.40. Approximately 49,546,305 shares changed hands during mid-day trading, an increase of 3,887% from the average daily volume of 1,242,823 shares. The stock had previously closed at GBX 588.

Burford Capital Stock Performance

The stock has a market cap of £764.83 million, a price-to-earnings ratio of 12.48, a P/E/G ratio of 1.09 and a beta of 1.02. The company's fifty day simple moving average is GBX 652.45 and its two-hundred day simple moving average is GBX 724.46. The company has a debt-to-equity ratio of 87.46, a current ratio of 1.57 and a quick ratio of 8.01.

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 works with companies and law firms around the world from its global network of offices.

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