Palace Capital (LON:PCA) Stock Passes Below 50-Day Moving Average – Here’s Why

Palace Capital Plc (LON:PCA)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 223.20 ($3.05) and traded as low as GBX 221 ($3.02). Palace Capital shares last traded at GBX 229 ($3.13), with a volume of 3,752 shares traded.

Palace Capital Price Performance

The company has a debt-to-equity ratio of 8.48, a current ratio of 4.47 and a quick ratio of 1.78. The stock has a 50 day simple moving average of GBX 223.20 and a two-hundred day simple moving average of GBX 220.68. The company has a market cap of £66.39 million, a price-to-earnings ratio of 2.67, a price-to-earnings-growth ratio of 3.37 and a beta of 0.68.

Palace Capital (LON:PCA) last announced its quarterly earnings results on Thursday, June 5th. The company reported GBX 11.30 ($0.15) 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 research analysts predict 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