Palace Capital (LON:PCA) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Palace Capital Plc (LON:PCA) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 208.74 and traded as high as GBX 217. Palace Capital shares last traded at GBX 214, with a volume of 26,540 shares changing hands.

Palace Capital Stock Performance

The business’s fifty day simple moving average is GBX 208.74 and its 200-day simple moving average is GBX 214.01. The firm has a market cap of £43.28 million, a P/E ratio of 25.78, a price-to-earnings-growth ratio of 3.37 and a beta of 0.68. The company has a current ratio of 4.47, a quick ratio of 1.78 and a debt-to-equity ratio of 8.48.

Palace Capital (LON:PCA) last posted its earnings results on Thursday, November 27th. The company reported GBX 3.90 earnings per share for the quarter. Palace Capital had a net margin of 164.89% and a return on equity of 31.11%. As a group, sell-side analysts expect that Palace Capital Plc will post 14.477562 earnings per share for the current 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