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Palace Capital (LON:PCA) Stock Crosses 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.
  • MarketBeat previews the top five stocks to own by October 1st.

Palace Capital Plc (LON:PCA - Get Free Report) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 224.26 ($3.03) and traded as high as GBX 234 ($3.16). Palace Capital shares last traded at GBX 223 ($3.01), with a volume of 15,988 shares traded.

Palace Capital Stock 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's 50 day moving average price is GBX 224.16 and its two-hundred day moving average price is GBX 221.29. The firm has a market capitalization of £64.36 million, a PE ratio of 2.58, a PEG ratio of 3.37 and a beta of 0.68.

Palace Capital (LON:PCA - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The company reported GBX 11.30 earnings per share for the quarter. Palace Capital had a net margin of 164.89% and a return on equity of 31.11%. On average, equities analysts expect 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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