Pollard Banknote (TSE:PBL) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Pollard Banknote Limited (TSE:PBL) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$17.00 and traded as high as C$17.25. Pollard Banknote shares last traded at C$17.25, with a volume of 11,742 shares changing hands.

Analyst Upgrades and Downgrades

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

Pollard Banknote Price Performance

The business’s 50 day moving average price is C$17.00 and its two-hundred day moving average price is C$18.34. The company has a current ratio of 1.66, a quick ratio of 1.00 and a debt-to-equity ratio of 45.17. The stock has a market cap of C$466.92 million, a P/E ratio of 17.97 and a beta of 1.17.

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

Pollard Banknote Dividend Announcement

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