Palace Capital (LON:PCA) Stock Price Crosses Above 50-Day Moving Average of $237.92

Palace Capital Plc (LON:PCA) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 237.92 ($3.01) and traded as high as GBX 238.19 ($3.01). Palace Capital shares last traded at GBX 238 ($3.01), with a volume of 30,651 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital restated a “hold” rating on shares of Palace Capital in a research note on Thursday, June 6th.

Palace Capital Stock Down 2.4 %

The company has a market capitalization of £89.77 million, a PE ratio of -462.26, a PEG ratio of 3.37 and a beta of 0.75. The company has a debt-to-equity ratio of 18.24, a quick ratio of 1.78 and a current ratio of 1.35. The stock’s 50 day moving average is GBX 238.22 and its 200 day moving average is GBX 228.68.

Palace Capital Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, August 23rd. Stockholders of record on Thursday, July 25th will be issued a GBX 3.75 ($0.05) dividend. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, July 25th. Palace Capital’s 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.