Palace Capital (LON:PCA) Hits New 52-Week Low – Time to Sell?

Palace Capital Plc (LON:PCA) reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 160 and last traded at GBX 170.50, with a volume of 103202 shares. The stock had previously closed at GBX 166.50.

Palace Capital Price Performance

The firm’s 50 day moving average price is GBX 170.30 and its 200-day moving average price is GBX 192.80. The stock has a market cap of £33.29 million, a P/E ratio of 20.54, a P/E/G ratio of 3.37 and a beta of 0.13.

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

Palace Capital announced that its Board of Directors has approved a share repurchase program on Friday, April 17th that authorizes the company to repurchase 400,000,000,000 shares. This repurchase authorization authorizes the company to repurchase up to 2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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