Pollard Banknote (TSE:PBL) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Shares of Pollard Banknote Limited (TSE:PBL) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$17.00 and traded as high as C$17.25. Pollard Banknote shares last traded at C$17.25, with a volume of 11,742 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. ATB Cormark Capital Markets dropped their target price on Pollard Banknote from C$41.00 to C$32.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Raymond James Financial cut shares of Pollard Banknote from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from C$29.00 to C$21.50 in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Pollard Banknote has an average rating of “Moderate Buy” and an average price target of C$29.17.

Pollard Banknote Trading Up 0.6%

The stock has a 50-day moving average of C$17.00 and a 200 day moving average of C$18.34. The stock has a market cap of C$466.92 million, a PE ratio of 17.97 and a beta of 1.17. The company has a quick ratio of 1.00, a current ratio of 1.66 and a debt-to-equity ratio of 45.17.

Pollard Banknote (TSE:PBL) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$0.13 earnings per share (EPS) for the quarter. Pollard Banknote had a net margin of 4.47% and a return on equity of 7.15%. The company had revenue of C$141.64 million during the quarter. As a group, sell-side analysts anticipate that Pollard Banknote Limited will post 2.0250184 earnings per share for the current year.

Pollard Banknote Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Pollard Banknote’s dividend payout ratio (DPR) is 20.83%.

About Pollard Banknote

Pollard Banknote Ltd is principally engaged in the manufacturing, development, and sale of lottery and charitable gaming products throughout the world. Its operating segments are Lotteries and charitable gaming and eGaming systems. It provides instant tickets and lottery services including licensed products, distribution, SureTrack lottery management system, retail telephone selling, marketing, iLottery, digital products, Social InstantsTM, retail management services, and instant ticket vending machines.