Pollard Banknote (TSE:PBL) Sets New 1-Year Low – Time to Sell?

Pollard Banknote Limited (TSE:PBL) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$15.92 and last traded at C$15.98, with a volume of 8035 shares traded. The stock had previously closed at C$16.37.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PBL shares. ATB Cormark Capital Markets lowered their price objective on 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. Raymond James Financial lowered shares of Pollard Banknote from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from C$29.00 to C$21.50 in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$29.17.

Pollard Banknote Stock Performance

The firm has a market capitalization of C$430.65 million, a P/E ratio of 16.57 and a beta of 1.10. The company has a debt-to-equity ratio of 45.17, a current ratio of 1.66 and a quick ratio of 1.01. The firm has a 50-day moving average price of C$17.53 and a two-hundred day moving average price of C$18.71.

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 company 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, analysts forecast that Pollard Banknote Limited will post 2.0250184 EPS for the current fiscal year.

Pollard Banknote Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, March 31st. Pollard Banknote’s payout ratio is currently 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.