Pollard Banknote (TSE:PBL) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Pollard Banknote Limited (TSE:PBL) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$25.77 and traded as high as C$26.51. Pollard Banknote shares last traded at C$26.29, with a volume of 8,654 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have commented on PBL shares. Cormark upped their price target on shares of Pollard Banknote from C$33.00 to C$42.00 in a research report on Wednesday, November 20th. Raymond James increased their price objective on shares of Pollard Banknote from C$44.00 to C$46.00 in a research report on Friday, November 15th.

Pollard Banknote Stock Down 0.2 %

The stock’s 50-day moving average price is C$25.77 and its two-hundred day moving average price is C$24.89. The stock has a market capitalization of C$725.18 million, a P/E ratio of 15.08 and a beta of 0.63. The company has a current ratio of 1.87, a quick ratio of 1.01 and a debt-to-equity ratio of 51.70.

Pollard Banknote Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Tuesday, December 31st. Pollard Banknote’s dividend payout ratio is currently 11.47%.

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.