Palace Capital (LON:PCA) Shares Surpass 50-Day Moving Average - Is It Time to Sell?

On Tuesday, shares of Palace Capital Plc (LON:PCA) moved above their fifty-day moving average during trades. The stock was recorded with a fifty-day moving average of GBX 220.34 ($2.74) and reached a peak value of GBX 225 ($2.80) during the day. At closing, the shares were trading at GBX 225 ($2.80) with a total trading volume of 19,107 shares.

Palace Capital's Stock Metrics

Palace Capital currently holds a market capitalization of £63.56 million, reflecting a P/E ratio of -916.67 and a PEG ratio of 3.37. The company's beta is registered at 0.68, indicating lower volatility relative to the market. Furthermore, Palace Capital has a debt-to-equity ratio of 8.48, a quick ratio of 1.78, and a current ratio of 7.06. The stock's fifty-day moving average is GBX 220.34, and its two-hundred-day moving average is GBX 222.29.

Earnings Report and Financial Overview

The last quarterly earnings reported by Palace Capital took place on Thursday, November 14th, where they declared earnings of GBX 6.10 ($0.08) per share (EPS). The company has shown a negative return on equity of 8.28% alongside a net margin of -47.77%. Analysts predict that Palace Capital will achieve an average EPS of 14.48 for the forthcoming year.

Dividend Announcement

Additionally, Palace Capital recently announced a dividend, with payments made on Friday, December 27th. Shareholders holding their shares as of Thursday, November 28th, received a dividend of GBX 3.75 ($0.05), which translates to a yield of 1.72%. The ex-dividend date for this payment occurred on November 28th, and the company’s payout ratio stands at -6,250.00%.

Company Overview

Palace Capital is primarily a property investment company that maintains a diversified portfolio focused on regional commercial real estate across the UK, specifically in locations outside of London.

Investment Consideration

Before considering an investment in Palace Capital, potential investors should be aware that while the stock holds a “Hold” rating among analysts, there are other stocks that top analysts are suggesting as better investment opportunities. It is beneficial to conduct thorough research and potentially explore alternatives.

This comprehensive review of Palace Capital’s stock performance, dividend announcements, and financial metrics aims to provide a balanced perspective on whether now is the right time to invest or consider selling. It is always recommended to stay informed and make decisions based on detailed analyses of market conditions.

Palace, Capital, Stocks