Palace Capital (LON:PCA) Stock Crosses Below 200 Day Moving Average of $231.55

Palace Capital Plc (LON:PCA) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 231.55 ($3.06) and traded as low as GBX 220 ($2.91). Palace Capital shares last traded at GBX 223 ($2.95), with a volume of 25,660 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “hold” rating on shares of Palace Capital in a research note on Thursday, June 6th.

Palace Capital Price Performance

The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.78 and a current ratio of 7.06. The company has a market capitalization of £67.60 million, a P/E ratio of -975.00, a P/E/G ratio of 3.37 and a beta of 0.68. The firm’s fifty day moving average is GBX 225.25 and its 200 day moving average is GBX 231.61.

Palace Capital Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, September 26th will be paid a dividend of GBX 3.75 ($0.05) per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a dividend yield of 1.68%. Palace Capital’s dividend payout ratio is -6,250.00%.

Palace Capital Company Profile

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.