Palace Capital (LON:PCA) Stock Crosses Above 50 Day Moving Average – What’s Next?

Shares of Palace Capital Plc (LON:PCA) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 220.34 ($2.74) and traded as high as GBX 225 ($2.80). Palace Capital shares last traded at GBX 225 ($2.80), with a volume of 19,107 shares traded.

Palace Capital Stock Performance

The stock has a fifty day moving average of GBX 220.34 and a 200-day moving average of GBX 222.29. The firm has a market capitalization of £63.56 million, a P/E ratio of -916.67, a P/E/G ratio of 3.37 and a beta of 0.68. The company has a quick ratio of 1.78, a current ratio of 7.06 and a debt-to-equity ratio of 8.48.

Palace Capital (LON:PCA) last released its quarterly earnings results on Thursday, November 14th. The company reported GBX 6.10 ($0.08) earnings per share for the quarter. Palace Capital had a negative return on equity of 8.28% and a negative net margin of 47.77%. On average, research analysts anticipate that Palace Capital Plc will post 14.477562 EPS for the current year.

Palace Capital Dividend Announcement

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

About Palace Capital

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