Burford Capital (LON:BUR) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Burford Capital Limited (LON:BUR) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,055.75 ($13.40) and traded as low as GBX 1,020 ($12.94). Burford Capital shares last traded at GBX 1,053 ($13.36), with a volume of 156,001 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,600 ($20.30) price target on shares of Burford Capital in a research report on Friday, November 8th.

Burford Capital Stock Up 1.6 %

The firm has a market capitalization of £2.35 billion, a PE ratio of 780.00, a price-to-earnings-growth 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 55.40. The firm has a 50-day moving average of GBX 1,028.09 and a two-hundred day moving average of GBX 1,055.75.

About Burford Capital

Burford Capital Limited provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced.