Burford Capital (LON:BUR) Stock Crosses Below 200-Day Moving Average – Here’s Why

Burford Capital Limited (LON:BUR) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,069.44 ($14.34) and traded as low as GBX 981 ($13.16). Burford Capital shares last traded at GBX 1,014.34 ($13.60), with a volume of 260,930 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 1,600 ($21.46) price target on shares of Burford Capital in a research note on Friday, April 4th.

Burford Capital Price Performance

The company’s 50-day simple moving average is GBX 1,049.93 and its 200-day simple moving average is GBX 1,069.44. The stock has a market capitalization of £2.81 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 1.09 and a beta of 0.94. 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 Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be paid a $0.06 dividend. The ex-dividend date is Thursday, May 22nd. This represents a yield of 0.45%. Burford Capital’s dividend payout ratio (DPR) is currently 17.89%.

Burford Capital Company Profile

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.