Pollard Banknote (TSE:PBL) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Pollard Banknote Limited (TSE:PBL)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$18.20 and traded as low as C$17.51. Pollard Banknote shares last traded at C$17.73, with a volume of 13,774 shares trading hands.

Wall Street Analyst Weigh In

PBL has been the topic of several analyst reports. Raymond James Financial lowered shares of Pollard Banknote from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from C$29.00 to C$21.50 in a report on Thursday, May 14th. ATB Cormark Capital Markets decreased their price objective on shares of Pollard Banknote from C$41.00 to C$32.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Pollard Banknote currently has a consensus rating of “Moderate Buy” and a consensus target price of C$29.17.

Pollard Banknote Stock Up 1.1%

The stock has a market cap of C$472.07 million, a price-to-earnings ratio of 18.17 and a beta of 1.06. The company has a debt-to-equity ratio of 45.17, a quick ratio of 1.00 and a current ratio of 1.66. The firm’s 50-day simple moving average is C$16.86 and its two-hundred day simple moving average is C$18.17.

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

Pollard Banknote Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.20 annualized dividend and a yield of 1.1%. Pollard Banknote’s dividend payout ratio (DPR) is currently 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.