Palace Capital (LON:PCA) Share Price Passes Below 50 Day Moving Average of $275.11

Palace Capital Plc (LON:PCAGet Rating) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 275.11 ($3.32) and traded as low as GBX 250 ($3.02). Palace Capital shares last traded at GBX 250 ($3.02), with a volume of 18,319 shares changing hands.

Palace Capital Trading Down 3.1 %

The business’s 50 day moving average price is GBX 275.11 and its two-hundred day moving average price is GBX 270.97. The company has a current ratio of 1.34, a quick ratio of 0.84 and a debt-to-equity ratio of 57.77. The company has a market capitalization of ¬£110.07 million and a price-to-earnings ratio of 471.70.

Palace Capital Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 22nd will be issued a GBX 3.75 ($0.05) dividend. The ex-dividend date is Thursday, September 22nd. This represents a yield of 1.45%. Palace Capital’s dividend payout ratio (DPR) is presently 23.58%.

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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