Palace Capital Plc (LON:PCA – Get Free Report)’s share price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 172.09 and traded as low as GBX 164.50. Palace Capital shares last traded at GBX 165, with a volume of 126,189 shares traded.
Palace Capital Price Performance
The stock has a market cap of £32.95 million, a P/E ratio of 20.33, a PEG ratio of 3.37 and a beta of 0.13. The firm’s fifty day moving average price is GBX 172.09 and its two-hundred day moving average price is GBX 194.48.
Palace Capital declared that its board has authorized a stock repurchase program on Friday, April 17th that permits the company to repurchase 400,000,000,000 outstanding shares. This repurchase authorization permits the company to buy up to 2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
About Palace Capital
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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