Palace Capital (LON:PCA) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Shares of Palace Capital Plc (LON:PCA) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 230.87 ($3.01) and traded as low as GBX 215.31 ($2.81). Palace Capital shares last traded at GBX 218 ($2.85), with a volume of 827 shares.

Palace Capital Stock Down 1.8 %

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 cap of £62.98 million, a P/E ratio of -908.33, a price-to-earnings-growth ratio of 3.37 and a beta of 0.68. The business’s fifty day moving average is GBX 222.39 and its two-hundred day moving average is GBX 230.87.

Palace Capital Announces Dividend

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

About Palace Capital

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.