Palace Capital (LON:PCA) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Palace Capital Plc (LON:PCAGet Free Report)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 222.80 ($2.81) and traded as high as GBX 229 ($2.89). Palace Capital shares last traded at GBX 225 ($2.84), with a volume of 15,847 shares changing hands.

Palace Capital Stock Performance

The firm’s fifty day moving average price is GBX 222.80 and its 200-day moving average price is GBX 221.71. The company has a current ratio of 4.47, a quick ratio of 1.78 and a debt-to-equity ratio of 8.48. The firm has a market cap of £65.23 million, a price-to-earnings ratio of 2.62, a PEG ratio of 3.37 and a beta of 0.68.

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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