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Palace Capital (LON:PCA) Stock Passes Below 50-Day Moving Average - Here's Why

Palace Capital logo with Real Estate background

Shares of Palace Capital Plc (LON:PCA - Get Free Report) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 223.85 ($2.93) and traded as low as GBX 217 ($2.84). Palace Capital shares last traded at GBX 217 ($2.84), with a volume of 29,287 shares changing hands.

Palace Capital Trading Down 1.4 %

The firm's 50 day simple moving average is GBX 223.85 and its 200-day simple moving average is GBX 231.48. The company has a market capitalization of £61.82 million, a PE ratio of -891.67, a P/E/G ratio of 3.37 and a beta of 0.68. The company has a quick ratio of 1.78, a current ratio of 7.06 and a debt-to-equity ratio of 8.48.

Palace Capital Dividend Announcement

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

Palace Capital Company Profile

(Get Free Report)

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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