Palace Capital Plc (LON:PCA – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 165.50 and last traded at GBX 170, with a volume of 69459 shares. The stock had previously closed at GBX 173.
Palace Capital Stock Performance
The company has a market capitalization of £34.99 million, a P/E ratio of 20.84, a P/E/G ratio of 3.37 and a beta of 0.17. The firm’s fifty day moving average is GBX 189.54 and its 200 day moving average is GBX 203.01.
Palace Capital announced that its Board of Directors has initiated a share buyback program on Friday, April 17th that allows the company to buyback 400,000,000,000 shares. This buyback authorization allows the company to repurchase up to 2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
About Palace Capital
Property investment company that has a diversified portfolio of UK regional commercial real estate in carefully selected locations outside of London
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