Palace Capital (LON:PCA) Sets New 12-Month Low – Here’s What Happened

Palace Capital Plc (LON:PCAGet Free Report) hit a new 52-week low on Thursday . The stock traded as low as GBX 160 and last traded at GBX 166, with a volume of 415386 shares traded. The stock had previously closed at GBX 169.

Palace Capital Price Performance

The firm has a 50 day moving average of GBX 171.02 and a two-hundred day moving average of GBX 193.41. The stock has a market cap of £32.41 million, a PE ratio of 20.00, a PEG ratio of 3.37 and a beta of 0.13.

Palace Capital (LON:PCAGet Free Report) last announced its quarterly earnings results on Thursday, June 11th. The company reported GBX (0.30) EPS for the quarter. Palace Capital had a negative net margin of 67.58% and a negative return on equity of 11.17%. The company had revenue of GBX 355 million during the quarter. As a group, equities analysts anticipate that Palace Capital Plc will post 14.477562 EPS for the current fiscal year.

Palace Capital announced that its Board of Directors has authorized a share repurchase plan on Friday, April 17th that authorizes the company to repurchase 400,000,000,000 shares. This repurchase authorization authorizes the company to purchase up to 2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Palace Capital Company Profile

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Property investment company that has a diversified portfolio of UK regional commercial real estate in carefully selected locations outside of London

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