Palace Capital (LON:PCA) Stock Price Crosses Above Fifty Day Moving Average of $273.63

Palace Capital Plc (LON:PCAGet Rating) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 273.63 ($3.44) and traded as high as GBX 275 ($3.46). Palace Capital shares last traded at GBX 272 ($3.42), with a volume of 1,359 shares trading hands.

Separately, Shore Capital reissued a “buy” rating on shares of Palace Capital in a research note on Tuesday, April 26th.

The company has a debt-to-equity ratio of 66.51, a quick ratio of 0.51 and a current ratio of 1.30. The stock has a market capitalization of £125.91 million and a P/E ratio of 13.01. The company’s 50-day moving average price is GBX 273.63 and its 200 day moving average price is GBX 261.79.

The company also recently declared a dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 24th were paid a dividend of GBX 3.25 ($0.04) per share. The ex-dividend date of this dividend was Thursday, March 24th. This represents a dividend yield of 1.32%. Palace Capital’s dividend payout ratio is presently 0.53%.

Palace Capital Company Profile (LON:PCA)

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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