Palace Capital (LON:PCA) Stock Passes Below 50 Day Moving Average of $234.17

Palace Capital Plc (LON:PCA) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 234.17 ($2.99) and traded as low as GBX 221.84 ($2.84). Palace Capital shares last traded at GBX 224.50 ($2.87), with a volume of 31,090 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “hold” rating on shares of Palace Capital in a research report on Thursday, June 6th.

Palace Capital Trading Down 1.3 %

The firm has a market capitalization of £83.23 million, a P/E ratio of -418.11, a price-to-earnings-growth ratio of 3.37 and a beta of 0.75. The business’s 50-day moving average is GBX 233.77 and its 200 day moving average is GBX 230.86. The company has a debt-to-equity ratio of 18.24, a current ratio of 1.35 and a quick ratio of 1.78.

Palace Capital Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, August 23rd. Investors of record on Thursday, July 25th will be given a dividend of GBX 3.75 ($0.05) per share. This represents a yield of 1.6%. The ex-dividend date of this dividend is Thursday, July 25th. Palace Capital’s dividend payout ratio is -2,830.19%.

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.