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

Pollard Banknote Limited (TSE:PBL)’s share price passed 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 trading hands.

Wall Street Analysts Forecast Growth

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

Pollard Banknote Trading Down 0.9%

The business has a fifty day moving average of C$17.01 and a 200-day moving average of C$18.03. The company has a debt-to-equity ratio of 45.17, a quick ratio of 1.00 and a current ratio of 1.66. The company has a market capitalization of C$476.40 million, a P/E ratio of 18.33 and a beta of 1.06.

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

Pollard Banknote Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, June 30th. Pollard Banknote’s dividend payout ratio (DPR) 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.