Pollard Banknote (TSE:PBL) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Pollard Banknote Limited (TSE:PBL) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$18.43 and traded as low as C$16.85. Pollard Banknote shares last traded at C$17.05, with a volume of 12,473 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. 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 report on Wednesday, May 20th. Raymond James Financial lowered Pollard Banknote from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from C$29.00 to C$21.50 in a research note on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$29.17.

Pollard Banknote Trading Up 1.5%

The firm has a market cap of C$461.51 million, a price-to-earnings ratio of 17.76 and a beta of 1.17. The company has a debt-to-equity ratio of 45.17, a current ratio of 1.66 and a quick ratio of 1.00. The firm’s fifty day moving average is C$17.09 and its 200-day moving average is C$18.43.

Pollard Banknote (TSE:PBL) last issued 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 for the quarter. Equities analysts anticipate that Pollard Banknote Limited will post 2.0250184 earnings per share for the current year.

Pollard Banknote Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be paid 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.