Palace Capital (LON:PCA) Stock Crosses Above Fifty Day Moving Average of $232.31

Palace Capital Plc (LON:PCA)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 232.31 ($2.92) and traded as high as GBX 248 ($3.12). Palace Capital shares last traded at GBX 245 ($3.08), with a volume of 19,624 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “hold” rating on shares of Palace Capital in a research report on Thursday, April 18th.

Palace Capital Stock Performance

The company has a current ratio of 1.35, a quick ratio of 1.78 and a debt-to-equity ratio of 18.24. The firm has a market capitalization of £91.34 million, a price-to-earnings ratio of -451.02, a PEG ratio of 3.37 and a beta of 0.78. The stock’s 50-day moving average is GBX 232.31 and its 200-day moving average is GBX 225.20.

Palace Capital Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 21st were paid a GBX 3.75 ($0.05) dividend. This represents a dividend yield of 1.67%. The ex-dividend date was Thursday, March 21st. Palace Capital’s payout ratio is -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.