Pollard Banknote (TSE:PBL) Shares Pass Above 50 Day Moving Average – Here’s Why

Pollard Banknote Limited (TSE:PBL)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$24.10 and traded as high as C$26.17. Pollard Banknote shares last traded at C$25.93, with a volume of 1,214 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have issued reports on PBL shares. Cormark decreased their price target on Pollard Banknote from C$34.00 to C$33.00 in a report on Thursday, August 15th. Raymond James boosted their price objective on Pollard Banknote from C$40.50 to C$44.00 in a research report on Thursday, August 15th. Acumen Capital cut their price objective on Pollard Banknote from C$47.00 to C$28.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, Canaccord Genuity Group boosted their price objective on Pollard Banknote from C$32.00 to C$36.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th.

Pollard Banknote Price Performance

The firm has a market capitalization of C$701.67 million, a PE ratio of 18.65 and a beta of 0.63. The stock has a 50-day moving average price of C$24.10 and a 200 day moving average price of C$29.44. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 45.40.

Pollard Banknote (TSE:PBL) last issued its quarterly earnings results on Tuesday, August 13th. The company reported C$0.43 EPS for the quarter. Pollard Banknote had a return on equity of 13.34% and a net margin of 7.17%. The firm had revenue of C$137.80 million during the quarter, compared to analysts’ expectations of C$138.58 million. Equities analysts forecast that Pollard Banknote Limited will post 2.0250184 EPS for the current fiscal year.

Pollard Banknote Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Friday, September 27th. Pollard Banknote’s payout ratio is 14.39%.

Insider Buying and Selling

In related news, Senior Officer Riva Jean Richard sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$26.13, for a total transaction of C$52,260.00. Over the last ninety days, insiders sold 4,300 shares of company stock worth $110,510. 64.02% of the stock is owned by corporate insiders.

Pollard Banknote Company Profile

Pollard Banknote Limited, together with its subsidiaries, manufactures and sells a range of lottery and charitable gaming products and solutions in the United States, Canada, and internationally. It operates through four segments: Lotteries, Charitable Gaming, eGaming systems, and Retail. The company designs, manufactures, and distributes instant tickets, as well as offers related services.