Palace Capital (LON:PCA) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Shares of Palace Capital Plc (LON:PCA) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 229.97 ($2.98) and traded as low as GBX 225 ($2.92). Palace Capital shares last traded at GBX 225 ($2.92), with a volume of 13,113 shares changing hands.

Palace Capital Stock Performance

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 firm has a fifty day simple moving average of GBX 221.70 and a 200 day simple moving average of GBX 229.94. The company has a market capitalization of £64.57 million, a price-to-earnings ratio of -931.25, a price-to-earnings-growth ratio of 3.37 and a beta of 0.68.

Palace Capital Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were given a dividend of GBX 3.75 ($0.05) per share. The ex-dividend date was Thursday, September 26th. This represents a yield of 1.68%. Palace Capital’s payout ratio is -6,250.00%.

Palace Capital Company Profile

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.