Palace Capital (LON:PCA) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Palace Capital Plc (LON:PCA) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 224.64 ($2.81) and traded as low as GBX 218 ($2.73). Palace Capital shares last traded at GBX 226.24 ($2.83), with a volume of 22,935 shares changing hands.

Palace Capital Stock Performance

The firm has a fifty day moving average of GBX 220.77 and a 200-day moving average of GBX 224.64. The company has a quick ratio of 1.78, a current ratio of 7.06 and a debt-to-equity ratio of 8.48. The firm has a market cap of £65.36 million, a P/E ratio of -942.67, a PEG ratio of 3.37 and a beta of 0.68.

Palace Capital Announces Dividend

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