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

Palace Capital logo with Real Estate background

Key Points

  • Palace Capital's stock price recently surpassed its 50-day moving average of GBX 224.26, reaching a high of GBX 234 during trading.
  • The company reported a debt-to-equity ratio of 8.48, a current ratio of 4.47, and a PE ratio of 2.67, indicating a strong liquidity position.
  • Palace Capital's latest quarterly earnings showed an earnings per share (EPS) of GBX 11.30, with analysts predicting an EPS of approximately 14.48 for the current year.
  • Looking to export and analyze Palace Capital data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Palace Capital Plc (LON:PCA - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 224.26 ($3.01) and traded as high as GBX 234 ($3.14). Palace Capital shares last traded at GBX 223 ($2.99), with a volume of 15,988 shares.

Palace Capital Trading Up 3.4%

The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.78 and a current ratio of 4.47. The company has a 50 day simple moving average of GBX 224.26 and a 200 day simple moving average of GBX 221.42. The company has a market capitalization of £66.39 million, a PE ratio of 2.67, a price-to-earnings-growth ratio of 3.37 and a beta of 0.68.

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

Palace Capital Company Profile

(Get Free Report)

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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