Pollard Banknote (TSE:PBL) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Pollard Banknote Limited (TSE:PBLGet Free Report)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$17.91 and traded as low as C$17.25. Pollard Banknote shares last traded at C$17.56, with a volume of 4,081 shares traded.

Wall Street Analysts Forecast Growth

PBL has been the topic of several research reports. ATB Cormark Capital Markets cut their price objective on 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. Raymond James Financial lowered Pollard Banknote from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from C$29.00 to C$21.50 in a research report on Thursday, May 14th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$29.17.

Get Our Latest Stock Report on Pollard Banknote

Pollard Banknote Stock Performance

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 stock has a 50 day moving average of C$17.19 and a 200 day moving average of C$17.91. The stock has a market capitalization of C$475.31 million, a P/E ratio of 18.29 and a beta of 1.06.

Pollard Banknote (TSE:PBLGet Free Report) last posted its earnings results on Wednesday, May 13th. The company reported C$0.13 earnings per share (EPS) for the quarter. Pollard Banknote had a return on equity of 7.15% and a net margin of 4.47%.The company had revenue of C$141.64 million for the quarter. Equities analysts predict that Pollard Banknote Limited will post 2.0250184 EPS for the current year.

Pollard Banknote Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were given a $0.05 dividend. The ex-dividend date was 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

(Get Free Report)

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.

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