Palace Capital (LON:PCA) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Shares of Palace Capital Plc (LON:PCA) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 219.30 ($2.77) and traded as high as GBX 222 ($2.80). Palace Capital shares last traded at GBX 218 ($2.75), with a volume of 16,101 shares traded.

Palace Capital Trading Down 5.2 %

The firm has a market capitalization of £62.98 million, a price-to-earnings ratio of -908.33, a price-to-earnings-growth ratio of 3.37 and a beta of 0.68. The business’s 50 day moving average price is GBX 219.22 and its 200-day moving average price is GBX 225.48. The company has a debt-to-equity ratio of 8.48, a current ratio of 7.06 and a quick ratio of 1.78.

Palace Capital Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, November 28th will be paid a dividend of GBX 3.75 ($0.05) per share. The ex-dividend date is Thursday, November 28th. This represents a dividend yield of 1.72%. Palace Capital’s dividend payout ratio (DPR) is presently -6,250.00%.

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.