Palace Capital (LON:PCA) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

Posted by Joseph Griffin on Jul 22nd, 2026

Palace Capital Plc (LON:PCA – Get Free Report) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 170.29 and traded as high as GBX 177.50. Palace Capital shares last traded at GBX 170, with a volume of 10,458 shares.

Palace Capital Stock Performance

The stock has a market capitalization of £33.19 million, a P/E ratio of -6.61, a price-to-earnings-growth ratio of 3.37 and a beta of 0.14. The firm has a 50-day moving average price of GBX 170.29 and a 200 day moving average price of GBX 187.33.

Palace Capital (LON:PCA – Get Free Report) last released its earnings results on Thursday, June 11th. The company reported GBX (0.30) earnings per share 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, equities analysts anticipate that Palace Capital Plc will post 14.477562 earnings per share for the current fiscal year.

Palace Capital declared that its board has approved a stock repurchase program on Friday, April 17th that allows the company to buyback 400,000,000,000 outstanding shares. This buyback authorization allows the company to purchase up to 2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.