Palace Capital (LON:PCA) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Palace Capital Plc (LON:PCA)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 219.30 ($2.77) and traded as high as GBX 222 ($2.80). Palace Capital shares last traded at GBX 218 ($2.75), with a volume of 16,101 shares changing hands.

Palace Capital Stock Down 5.2 %

The company has a current ratio of 7.06, a quick ratio of 1.78 and a debt-to-equity ratio of 8.48. The company’s fifty day simple moving average is GBX 219.30 and its 200 day simple moving average is GBX 225.68. The firm has a market capitalization of £62.98 million, a P/E ratio of -908.33, a price-to-earnings-growth ratio of 3.37 and a beta of 0.68.

Palace Capital Announces Dividend

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

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.