Palace Capital (LON:PCA) Shares Pass Above 50-Day Moving Average of $237.92

Palace Capital Plc (LON:PCA)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 237.92 ($3.01) and traded as high as GBX 238.19 ($3.01). Palace Capital shares last traded at GBX 238 ($3.01), with a volume of 30,651 shares changing hands.

Analyst Ratings Changes

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

Palace Capital Stock Up 0.8 %

The company has a debt-to-equity ratio of 18.24, a quick ratio of 1.78 and a current ratio of 1.35. The firm has a 50 day simple moving average of GBX 237.92 and a two-hundred day simple moving average of GBX 228.56. The stock has a market cap of £89.39 million, a P/E ratio of -449.06, a P/E/G ratio of 3.37 and a beta of 0.75.

Palace Capital Dividend Announcement

The business also recently disclosed 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. This represents a dividend yield of 1.6%. The ex-dividend date is Thursday, July 25th. Palace Capital’s dividend payout ratio is currently -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.