Palace Capital (LON:PCA) Stock Crosses Above 50 Day Moving Average of $228.94

Palace Capital Plc (LON:PCA)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 228.94 ($2.83) and traded as high as GBX 242 ($2.99). Palace Capital shares last traded at GBX 238 ($2.94), with a volume of 266,145 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “hold” rating on shares of Palace Capital in a research report on Thursday, April 18th.

Palace Capital Trading Up 1.3 %

The company’s 50-day moving average is GBX 228.94 and its 200-day moving average is GBX 224.01. The firm has a market cap of £90.52 million, a price-to-earnings ratio of -449.06, a P/E/G ratio of 3.37 and a beta of 0.78. The company has a debt-to-equity ratio of 18.24, a quick ratio of 1.78 and a current ratio of 1.35.

Palace Capital Announces Dividend

The business also recently declared a dividend, which was paid on Friday, April 19th. Investors of record on Thursday, March 21st were given a dividend of GBX 3.75 ($0.05) per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a yield of 1.67%. Palace Capital’s dividend payout ratio (DPR) is -2,830.19%.

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.