Pollard Banknote (TSE:PBL) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Pollard Banknote Limited (TSE:PBL)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$16.86 and traded as high as C$17.88. Pollard Banknote shares last traded at C$17.88, with a volume of 3,272 shares traded.

Analysts Set New Price Targets

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

Pollard Banknote Trading Down 1.9%

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 stock has a market capitalization of C$472.61 million, a PE ratio of 18.19 and a beta of 1.06. The stock’s 50 day simple moving average is C$16.90 and its two-hundred day simple moving average is C$18.10.

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

Pollard Banknote Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.20 annualized dividend and a yield of 1.1%. Pollard Banknote’s dividend 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.