Palace Capital (LON:PCA) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Palace Capital Plc (LON:PCAGet Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 229.97 ($2.98) and traded as low as GBX 225 ($2.92). Palace Capital shares last traded at GBX 225 ($2.92), with a volume of 13,113 shares trading hands.

Palace Capital Price Performance

The company has a debt-to-equity ratio of 8.48, a current ratio of 7.06 and a quick ratio of 1.78. The firm has a market cap of £65.00 million, a price-to-earnings ratio of -937.50, a PEG ratio of 3.37 and a beta of 0.68. The stock has a 50-day moving average price of GBX 221.74 and a 200 day moving average price of GBX 229.97.

Palace Capital Announces Dividend

The company also recently declared a dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were paid a dividend of GBX 3.75 ($0.05) per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a yield of 1.68%. Palace Capital’s dividend payout ratio is presently -6,250.00%.

About Palace Capital

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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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