Pollard Banknote (TSE:PBL) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Shares of Pollard Banknote Limited (TSE:PBL) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$17.62 and traded as low as C$17.22. Pollard Banknote shares last traded at C$17.22, with a volume of 503 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PBL shares. ATB Cormark Capital Markets lowered their target price on Pollard Banknote from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 1st. Raymond James Financial raised Pollard Banknote from a “market perform” rating to an “outperform” rating and boosted their price target for the company from C$21.50 to C$28.00 in a report on Friday, August 14th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$31.00.

Pollard Banknote Trading Down 0.2%

The firm has a market capitalization of C$466.04 million, a P/E ratio of 17.57 and a beta of 1.12. The stock’s 50-day simple moving average is C$17.62 and its two-hundred day simple moving average is C$17.63. The company has a debt-to-equity ratio of 49.61, a current ratio of 1.71 and a quick ratio of 1.00.

Pollard Banknote (TSE:PBL) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$0.32 earnings per share (EPS) for the quarter. The firm had revenue of C$154.83 million during the quarter. Pollard Banknote had a net margin of 4.48% and a return on equity of 7.16%. Equities research analysts expect that Pollard Banknote Limited will post 2.0250184 EPS for the current year.

Pollard Banknote Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, June 30th. Pollard Banknote’s dividend payout ratio is presently 20.41%.

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.