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Highlights
- Burford Capital (BUR) share price dropped below its 200-day moving average during Tuesday’s trading.
- The stock reached a low of GBX 981 before closing at GBX 1,022, reflecting a marginal recovery.
- The company holds a strong presence in the legal finance sector with a market capitalization of £2.26 billion.
Burford Capital Limited (LON:BUR), a prominent player in legal finance services and part of the LON financial stocks sector, saw its share price dip below its 200-day moving average on Tuesday. The stock traded as low as GBX 981 during the session before closing at GBX 1,022. This performance marked a slight recovery but remained below the 200-day average of GBX 1,032.36.
Trading volume for Burford Capital reached 108,539 shares, highlighting a subdued level of activity compared to its historical averages.
The company's market capitalization stands at £2.26 billion, underscoring its significant presence in the legal finance space. Key financial metrics include a P/E ratio of 763.27 and a P/E/G ratio of 1.09, reflecting the company's pricing dynamics. The stock's beta of 0.94 suggests moderate volatility compared to the broader market.
Burford Capital maintains robust liquidity with a quick ratio of 8.01 and a current ratio of 15.07. Its debt-to-equity ratio of 55.40 indicates a balanced approach to leveraging financial resources.
The 50-day moving average for the stock is GBX 1,052.44, while the 200-day moving average remains at GBX 1,032.36, emphasizing the recent downward trend.
Burford Capital’s Business Profile
Burford Capital Limited provides a comprehensive range of legal finance products and services globally. Its operations are structured into two segments:
- Capital Provision:
- Offers funding to the legal industry and in connection with legal matters.
- Engages in pre-settlement and post-settlement litigation finance, focusing on varying risk levels.
- Invests in private funds and pursues complex strategies involving mispriced legal assets.
- Asset Management and Other Provision:
- Provides legal risk management services.
- Focuses on acquiring and managing legal assets through strategic investments.
Global Presence in Legal Finance
Burford Capital has established itself as a leader in the legal finance market. It provides critical capital solutions to legal teams, enabling efficient management of litigation and legal matters. By addressing the diverse needs of its clients, Burford Capital has built a reputation for innovation and expertise in its domain.
Position in LON Financial Stocks
As part of the LON financial stocks category, Burford Capital continues to leverage its expertise in legal finance to expand its market presence. Its operations, underpinned by a strong capital base and innovative strategies, reflect its commitment to delivering tailored financial solutions in the legal sector.
