Palace Capital (LON:PCA) Share Price Passes Above 50 Day Moving Average – What’s Next?

Palace Capital Plc (LON:PCA) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 219.30 ($2.77) and traded as high as GBX 222 ($2.80). Palace Capital shares last traded at GBX 218 ($2.75), with a volume of 16,101 shares changing hands.

Palace Capital Stock Performance

The business’s fifty day moving average is GBX 219.30 and its two-hundred day moving average is GBX 225.68. The stock has a market capitalization of £62.98 million, a PE ratio of -908.33, a price-to-earnings-growth ratio of 3.37 and a beta of 0.68. The company has a quick ratio of 1.78, a current ratio of 7.06 and a debt-to-equity ratio of 8.48.

Palace Capital Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, November 28th will be paid a GBX 3.75 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, November 28th. This represents a dividend yield of 1.72%. Palace Capital’s payout ratio is currently -6,250.00%.

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.