Palace Capital Plc (LON:PCA – Get Free Report) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 172.09 and traded as low as GBX 164.50. Palace Capital shares last traded at GBX 165, with a volume of 126,189 shares trading hands.
Palace Capital Price Performance
The firm has a market cap of £32.95 million, a P/E ratio of 20.33, a PEG ratio of 3.37 and a beta of 0.13. The stock has a 50 day moving average of GBX 172.09 and a 200 day moving average of GBX 194.48.
Palace Capital declared that its board has approved a share buyback plan on Friday, April 17th that permits the company to repurchase 400,000,000,000 outstanding shares. This repurchase authorization permits the company to reacquire up to 2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
Palace Capital Company Profile
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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