Pollard Banknote (TSE:PBL) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Pollard Banknote Limited (TSE:PBL)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$18.03 and traded as low as C$17.45. Pollard Banknote shares last traded at C$17.60, with a volume of 10,258 shares traded.

Analysts Set New Price Targets

A number of research firms have recently commented on PBL. 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 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 target for the stock from C$29.00 to C$21.50 in a report on Thursday, May 14th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$29.17.

Pollard Banknote Stock Performance

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 firm’s 50-day moving average is C$17.04 and its two-hundred day moving average is C$18.01. The stock has a market cap of C$469.63 million, a price-to-earnings ratio of 18.07 and a beta of 1.06.

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

Pollard Banknote Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, June 30th. Pollard Banknote’s dividend payout ratio (DPR) is 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.