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

Shares of Burford Capital Limited (LON:BUR) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 562.40 and traded as low as GBX 317. Burford Capital shares last traded at GBX 317.80, with a volume of 276,051 shares.

Analyst Ratings Changes

Separately, Berenberg Bank decreased their target price on Burford Capital from GBX 500 to GBX 450 and set a “buy” rating on the stock in a report on Monday, May 11th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 450.

Burford Capital Price Performance

The company has a debt-to-equity ratio of 87.46, a current ratio of 1.57 and a quick ratio of 8.01. The firm has a market cap of £695.65 million, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 1.09 and a beta of 1.08. The firm has a 50 day moving average price of GBX 357.08 and a 200-day moving average price of GBX 562.40.

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.