Palace Capital (LON:PCA) Shares Down 2.7% – Here’s What Happened

Palace Capital Plc (LON:PCA) dropped 2.7% during mid-day trading on Thursday . The company traded as low as GBX 216 ($2.75) and last traded at GBX 216 ($2.75). Approximately 21,487 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 72,810 shares. The stock had previously closed at GBX 222 ($2.83).

Palace Capital Stock Performance

The firm’s fifty day moving average is GBX 219.34 and its 200 day moving average is GBX 226.37. The company has a debt-to-equity ratio of 8.48, a current ratio of 7.06 and a quick ratio of 1.78. The firm has a market capitalization of £61.82 million, a price-to-earnings ratio of -891.67, a PEG ratio of 3.37 and a beta of 0.68.

Palace Capital Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, December 27th. Investors of record on Thursday, November 28th will be given a dividend of GBX 3.75 ($0.05) per share. The ex-dividend date of this dividend is Thursday, November 28th. This represents a yield of 1.72%. Palace Capital’s payout ratio is -6,250.00%.

About Palace Capital

Palace Capital plc is a real estate investment firm specializing in investment in entities operating in the property sector. It seeks to invest in United Kingdom. Palace Capital plc is based in London, the United Kingdom.