Pollard Banknote (TSE:PBL) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Pollard Banknote Limited (TSE:PBL)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$17.62 and traded as low as C$17.22. Pollard Banknote shares last traded at C$17.22, with a volume of 503 shares traded.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Raymond James Financial raised shares of Pollard Banknote from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$21.50 to C$28.00 in a research report on Friday, August 14th. ATB Cormark Capital Markets cut their target price on shares of Pollard Banknote from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 1st. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$31.00.

Pollard Banknote Price Performance

The business has a 50-day moving average of C$17.61 and a 200 day moving average of C$17.61. The company has a current ratio of 1.71, a quick ratio of 1.00 and a debt-to-equity ratio of 49.61. The firm has a market capitalization of C$464.42 million, a P/E ratio of 17.51 and a beta of 1.12.

Pollard Banknote (TSE:PBL) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C$0.32 earnings per share (EPS) for the quarter. Pollard Banknote had a return on equity of 7.16% and a net margin of 4.48%.The business had revenue of C$154.83 million for the quarter. On average, sell-side analysts predict that Pollard Banknote Limited will post 2.0250184 earnings per share for the current fiscal year.

Pollard Banknote Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, June 30th. Pollard Banknote’s dividend payout ratio (DPR) is currently 20.41%.

Pollard Banknote Company Profile

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.