Palace Capital (LON:PCA) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Shares of Palace Capital Plc (LON:PCAGet Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 224.14 ($2.74) and traded as low as GBX 215 ($2.63). Palace Capital shares last traded at GBX 216 ($2.64), with a volume of 5,334 shares trading hands.

Palace Capital Trading Down 1.6 %

The stock has a market capitalization of £61.82 million, a P/E ratio of -891.67, a P/E/G ratio of 3.37 and a beta of 0.68. The company has a current ratio of 7.06, a quick ratio of 1.78 and a debt-to-equity ratio of 8.48. The business has a 50-day moving average price of GBX 220.62 and a two-hundred day moving average price of GBX 224.07.

Palace Capital Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, November 28th were given a GBX 3.75 ($0.05) dividend. This represents a dividend yield of 1.72%. The ex-dividend date was Thursday, November 28th. Palace Capital’s payout ratio is presently -6,250.00%.

About Palace Capital

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

Further Reading

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