Palace Capital (LON:PCA) Shares Cross Above 50 Day Moving Average - Time to Sell?

Key Points

• Palace Capital's stock crossed above its 50-day moving average of GBX 222.98, reaching a high of GBX 229 during trading, indicating positive price momentum.
• The company reported an **earnings per share (EPS)** of GBX 11.30 for the last quarter, with a forecasted EPS of 14.48 for the current year.
• Palace Capital holds a **diverse portfolio** of UK regional commercial real estate, reflecting a strategic focus on selected locations outside of London.

Palace Capital Plc (LON:PCA - Get Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 222.98 ($2.96) and traded as high as GBX 229 ($3.04). Palace Capital shares last traded at GBX 226.99 ($3.02), with a volume of 56,141 shares changing hands.

Palace Capital Price Performance

The company has a market cap of £66.39 million, a P/E ratio of 2.67, a PEG ratio of 3.37 and a beta of 0.68. The company has a fifty day moving average price of GBX 223.24 and a two-hundred day moving average price of GBX 220.88. The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.78 and a current ratio of 4.47.

Palace Capital (LON:PCA - Get Free Report) last posted 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%. On average, sell-side analysts anticipate that Palace Capital Plc will post 14.477562 earnings per share for the current fiscal year.

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