Palace Capital (LON:PCA) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Palace Capital Plc (LON:PCA)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 178.88 and traded as high as GBX 187. Palace Capital shares last traded at GBX 187, with a volume of 10,307 shares.

Palace Capital Price Performance

The firm has a market cap of £29.72 million, a P/E ratio of -7.28, a price-to-earnings-growth ratio of 3.37 and a beta of 0.15. The stock’s 50-day moving average is GBX 179.32 and its 200-day moving average is GBX 180.54.

Palace Capital (LON:PCA) last issued its quarterly earnings results on Thursday, June 11th. The company reported GBX (0.30) earnings per share for the quarter. The company had revenue of GBX 355 million during the quarter. Palace Capital had a negative net margin of 67.58% and a negative return on equity of 11.17%. As a group, analysts expect that Palace Capital Plc will post 14.477562 EPS 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