Palace Capital (LON:PCA) Stock Price Crosses Above Fifty Day Moving Average of $273.54

Shares of Palace Capital Plc (LON:PCAGet Rating) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 273.54 ($3.35) and traded as high as GBX 286 ($3.50). Palace Capital shares last traded at GBX 285 ($3.49), with a volume of 98,932 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “buy” rating on shares of Palace Capital in a report on Tuesday, April 26th.

Palace Capital Trading Up 1.2 %

The firm has a fifty day simple moving average of GBX 273.54 and a two-hundred day simple moving average of GBX 265.80. The firm has a market capitalization of £125.48 million and a P/E ratio of 537.74. The company has a debt-to-equity ratio of 57.77, a current ratio of 1.34 and a quick ratio of 0.84.

Palace Capital Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, August 5th. Shareholders of record on Thursday, June 30th were issued a dividend of GBX 3.75 ($0.05) per share. This represents a yield of 1.37%. This is a positive change from Palace Capital’s previous dividend of $3.25. The ex-dividend date was Thursday, June 30th. Palace Capital’s dividend payout ratio is 23.58%.

About Palace Capital

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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.

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