Palace Capital PLC (LON:PCA) shot up 1.8% during trading on Friday . The company traded as high as GBX 285 ($3.72) and last traded at GBX 285 ($3.72), 5,330 shares traded hands during trading. A decline of 81% from the average session volume of 27,761 shares. The stock had previously closed at GBX 280 ($3.66).

Separately, Numis Securities began coverage on Palace Capital in a research note on Wednesday, June 5th. They set a “buy” rating and a GBX 350 ($4.57) target price on the stock.

The stock has a 50 day moving average of GBX 283.14 and a 200-day moving average of GBX 288.03. The firm has a market capitalization of $130.31 million and a P/E ratio of 25.13. The company has a debt-to-equity ratio of 66.78, a quick ratio of 1.77 and a current ratio of 3.45.

In other news, insider Ronald Neil Sinclair acquired 10,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were acquired at an average cost of GBX 279 ($3.65) per share, for a total transaction of £27,900 ($36,456.29). Also, insider Stephen John Silvester sold 15,686 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of GBX 276 ($3.61), for a total value of £43,293.36 ($56,570.44).

About Palace Capital (LON:PCA)

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.

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