Palace Capital (LON:PCA) Sets New 52-Week Low – Here’s Why

Palace Capital Plc (LON:PCA) hit a new 52-week low on Thursday . The stock traded as low as GBX 160 and last traded at GBX 166, with a volume of 415386 shares traded. The stock had previously closed at GBX 169.

Palace Capital Stock Down 1.8%

The company has a 50 day simple moving average of GBX 171.58 and a two-hundred day simple moving average of GBX 193.91. The company has a market capitalization of £32.41 million, a P/E ratio of 20.00, a PEG ratio of 3.37 and a beta of 0.13.

Palace Capital (LON:PCA) last issued its quarterly earnings data on Thursday, June 11th. The company reported GBX (0.30) earnings per share for the quarter. The company had revenue of GBX 355 million for the quarter. Palace Capital had a return on equity of 4.33% and a net margin of 28.80%. As a group, research analysts expect that Palace Capital Plc will post 14.477562 EPS for the current fiscal year.

Palace Capital declared that its board has approved a share repurchase plan on Friday, April 17th that allows the company to buyback 400,000,000,000 outstanding shares. This buyback authorization allows the company to reacquire up to 2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

Palace Capital Company Profile

Property investment company that has a diversified portfolio of UK regional commercial real estate in carefully selected locations outside of London