Palace Capital (LON:PCA) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Shares of Palace Capital Plc (LON:PCAGet Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 224.64 ($2.78) and traded as low as GBX 218 ($2.70). Palace Capital shares last traded at GBX 226.24 ($2.80), with a volume of 22,935 shares.

Palace Capital Price Performance

The firm has a 50-day moving average of GBX 220.81 and a 200 day moving average of GBX 224.63. The company has a debt-to-equity ratio of 8.48, a current ratio of 7.06 and a quick ratio of 1.78. The company has a market capitalization of £65.44 million, a PE ratio of -943.85, a PEG ratio of 3.37 and a beta of 0.68.

Palace Capital Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, November 28th were issued a GBX 3.75 ($0.05) dividend. This represents a yield of 1.72%. The ex-dividend date of this dividend was Thursday, November 28th. Palace Capital’s dividend payout ratio is -6,250.00%.

About Palace Capital

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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.

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