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

Palace Capital Plc (LON:PCA) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 223.85 ($2.93) and traded as low as GBX 217 ($2.84). Palace Capital shares last traded at GBX 217 ($2.84), with a volume of 29,287 shares changing hands.

Palace Capital Stock Up 1.4 %

The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.78 and a current ratio of 7.06. The firm has a fifty day simple moving average of GBX 223.85 and a 200-day simple moving average of GBX 231.48. The firm has a market cap of £63.56 million, a price-to-earnings ratio of -904.17, a P/E/G ratio of 3.37 and a beta of 0.68.

Palace Capital Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, September 26th will be paid a dividend of GBX 3.75 ($0.05) per share. This represents a dividend yield of 1.68%. The ex-dividend date of this dividend is Thursday, September 26th. Palace Capital’s dividend payout ratio 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.