Palace Capital (LON:PCA) Share Price Passes Above 50 Day Moving Average – Here’s Why

Palace Capital Plc (LON:PCA)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 221.29 ($2.88) and traded as high as GBX 229 ($2.98). Palace Capital shares last traded at GBX 223 ($2.90), with a volume of 9,196 shares traded.

Palace Capital Stock Performance

The firm has a market capitalization of £64.42 million, a PE ratio of -929.17, a price-to-earnings-growth ratio of 3.37 and a beta of 0.68. The firm’s 50 day moving average price is GBX 221.29 and its 200-day moving average price is GBX 229.52. The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.78 and a current ratio of 7.06.

Palace Capital Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, October 25th. Stockholders of record on Thursday, September 26th were given a dividend of GBX 3.75 ($0.05) per share. The ex-dividend date was Thursday, September 26th. This represents a dividend yield of 1.68%. Palace Capital’s dividend payout ratio (DPR) is -6,250.00%.

Palace Capital Company Profile

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.