Palace Capital (LON:PCA) Stock Passes Above 50 Day Moving Average - What's Next?

Palace Capital Plc (LON:PCA - Get Free Report)'s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 218.47 ($2.96) and traded as high as GBX 224 ($3.03). Palace Capital shares last traded at GBX 224 ($3.03), with a volume of 21,045 shares traded.

Palace Capital Price Performance

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 stock has a 50 day simple moving average of GBX 219.11 and a 200 day simple moving average of GBX 220.27. The firm has a market capitalization of £65.23 million, a PE ratio of 2.62, a PEG ratio of 3.37 and a beta of 0.68.

Palace Capital (LON:PCA - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The company reported GBX 11.30 ($0.15) EPS for the quarter. Palace Capital had a return on equity of 31.11% and a net margin of 164.89%. As a group, sell-side analysts forecast that Palace Capital Plc will post 14.477562 earnings per share for the current year.

Palace Capital Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Thursday, March 20th were paid a dividend of GBX 3.75 ($0.05) per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a dividend yield of 1.77%. Palace Capital's dividend payout ratio (DPR) is presently 17.47%.

Palace Capital Company Profile

Property investment company that has a diversified portfolio of UK regional commercial real estate in carefully selected locations outside of London