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

Palace Capital Plc (LON:PCA)’s share price passed 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 traded.

Palace Capital Stock Performance

The company has a current ratio of 7.06, a quick ratio of 1.78 and a debt-to-equity ratio of 8.48. The stock has a market capitalization of £62.98 million, a price-to-earnings ratio of -908.33, a PEG ratio of 3.37 and a beta of 0.68. The stock’s 50 day moving average is GBX 219.22 and its 200 day moving average is GBX 225.48.

Palace Capital Announces Dividend

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