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

Burford Capital Limited (LON:BUR - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,068 ($14.29) and traded as low as GBX 1,030 ($13.78). Burford Capital shares last traded at GBX 1,044 ($13.97), with a volume of 100,679 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a "buy" rating and set a GBX 1,600 ($21.41) price target on shares of Burford Capital in a report on Friday, April 4th.

Burford Capital Stock Down 1.3 %

The business's 50 day simple moving average is GBX 1,070.04 and its 200 day simple moving average is GBX 1,068. The company has a current ratio of 15.07, a quick ratio of 8.01 and a debt-to-equity ratio of 77.74. The firm has a market capitalization of £2.83 billion, a PE ratio of 18.43, a PEG ratio of 1.09 and a beta of 0.94.

Burford Capital Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a yield of 0.45%. Burford Capital's dividend payout ratio (DPR) is presently 17.89%.

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 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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