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

Pollard Banknote Limited (TSE:PBL)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$18.55 and traded as low as C$15.82. Pollard Banknote shares last traded at C$16.02, with a volume of 6,651 shares changing hands.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. ATB Cormark Capital Markets cut their target price 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 cut their target price for the company from C$29.00 to C$21.50 in a research note on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Pollard Banknote presently has an average rating of “Moderate Buy” and an average price target of C$29.17.

Pollard Banknote Stock Performance

The company has a market cap of C$433.63 million, a price-to-earnings ratio of 16.69 and a beta of 1.17. The company has a debt-to-equity ratio of 45.17, a current ratio of 1.66 and a quick ratio of 1.01. The stock has a 50-day moving average price of C$17.25 and a 200 day moving average price of C$18.55.

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

Pollard Banknote Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.2%. Pollard Banknote’s dividend payout ratio (DPR) is currently 20.83%.

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.