Palace Capital (LON:PCA) Share Price Crosses Above Fifty Day Moving Average of $228.94

Palace Capital Plc (LON:PCA) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 228.94 ($2.83) and traded as high as GBX 242 ($2.99). Palace Capital shares last traded at GBX 238 ($2.94), with a volume of 266,145 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “hold” rating on shares of Palace Capital in a research note on Thursday, April 18th.

Palace Capital Price Performance

The company has a 50 day simple moving average of GBX 229.28 and a 200-day simple moving average of GBX 224.11. The stock has a market cap of £90.52 million, a price-to-earnings ratio of -454.72, a PEG ratio of 3.37 and a beta of 0.78. The company has a quick ratio of 1.78, a current ratio of 1.35 and a debt-to-equity ratio of 18.24.

Palace Capital Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 21st were given a dividend of GBX 3.75 ($0.05) per share. This represents a dividend yield of 1.67%. The ex-dividend date was Thursday, March 21st. Palace Capital’s payout ratio is -2,830.19%.

About Palace Capital

Palace Capital plc is a real estate investment firm specializing in investment in entities operating in the property sector. It seeks to invest in United Kingdom. Palace Capital plc is based in London, the United Kingdom.