Pollard Banknote (TSE:PBL) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of Pollard Banknote Limited (TSE:PBL) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$18.43 and traded as low as C$16.85. Pollard Banknote shares last traded at C$17.05, with a volume of 12,473 shares changing hands.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Raymond James Financial downgraded Pollard Banknote from an “outperform” rating to a “market perform” rating and cut their price target for the stock from C$29.00 to C$21.50 in a research note on Thursday, May 14th. ATB Cormark Capital Markets dropped their target price on Pollard Banknote from C$41.00 to C$32.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$29.17.

Pollard Banknote Price Performance

The firm’s fifty day simple moving average is C$17.08 and its 200-day simple moving average is C$18.43. The firm has a market capitalization of C$468.01 million, a PE ratio of 18.01 and a beta of 1.17. The company has a quick ratio of 1.00, a current ratio of 1.66 and a debt-to-equity ratio of 45.17.

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

Pollard Banknote Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.20 annualized dividend and a yield of 1.2%. Pollard Banknote’s dividend payout ratio is 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.