Palace Capital (LON:PCA) Shares Cross Above 50 Day Moving Average of $237.87

Palace Capital Plc (LON:PCAGet Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 237.87 ($3.05) and traded as high as GBX 244 ($3.13). Palace Capital shares last traded at GBX 236 ($3.02), with a volume of 15,453 shares changing hands.

Wall Street Analysts Forecast Growth

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

Get Our Latest Analysis on Palace Capital

Palace Capital Price Performance

The company has a 50 day moving average of GBX 237.87 and a two-hundred day moving average of GBX 229.19. The firm has a market cap of £88.64 million, a P/E ratio of -445.28, a PEG ratio of 3.37 and a beta of 0.75. The company has a quick ratio of 1.78, a current ratio of 1.35 and a debt-to-equity ratio of 18.24.

Palace Capital Announces Dividend

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

Palace Capital Company Profile

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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.

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