Palace Capital (LON:PCA) Stock Crosses Above 50 Day Moving Average of $228.94

Palace Capital Plc (LON:PCA) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 228.94 ($2.83) and traded as high as GBX 242 ($2.99). Palace Capital shares last traded at GBX 238 ($2.94), with a volume of 266,145 shares traded.

Wall Street Analyst Weigh In

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

Palace Capital Price Performance

The company’s 50 day moving average price is GBX 228.94 and its 200-day moving average price is GBX 224.01. The company has a market cap of £90.52 million, a price-to-earnings ratio of -449.06, a PEG ratio of 3.37 and a beta of 0.78. The company has a debt-to-equity ratio of 18.24, a quick ratio of 1.78 and a current ratio of 1.35.

Palace Capital Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Thursday, March 21st. This represents a dividend yield of 1.67%. Palace Capital’s dividend payout ratio is currently -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.