Palace Capital (LON:PCA) Stock Passes Below 200-Day Moving Average – What’s Next?

Palace Capital Plc (LON:PCAGet Free Report)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 220.72 ($2.85) and traded as low as GBX 210 ($2.71). Palace Capital shares last traded at GBX 210 ($2.71), with a volume of 671 shares traded.

Palace Capital Stock Performance

The company has a debt-to-equity ratio of 8.48, a current ratio of 4.47 and a quick ratio of 1.78. The stock has a market capitalization of £58.85 million, a P/E ratio of 2.36, a price-to-earnings-growth ratio of 3.37 and a beta of 0.68. The company has a 50 day simple moving average of GBX 220.49 and a 200-day simple moving average of GBX 220.60.

Palace Capital Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Thursday, March 20th will be issued a dividend of GBX 3.75 ($0.05) per share. This represents a yield of 1.77%. The ex-dividend date of this dividend is Thursday, March 20th. Palace Capital’s dividend payout ratio (DPR) is presently 17.47%.

About Palace Capital

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Property investment company that has a diversified portfolio of UK regional commercial real estate in carefully selected locations outside of London

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