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

Pollard Banknote Limited (TSE:PBL)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$24.55 and traded as high as C$26.60. Pollard Banknote shares last traded at C$26.25, with a volume of 5,687 shares.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Raymond James increased their target price on shares of Pollard Banknote from C$44.00 to C$46.00 in a research report on Friday, November 15th. Cormark increased their price objective on shares of Pollard Banknote from C$33.00 to C$42.00 in a research report on Wednesday, November 20th.

Pollard Banknote Trading Down 0.2 %

The company has a market cap of C$709.24 million, a P/E ratio of 18.86 and a beta of 0.63. The firm has a 50-day moving average of C$24.65 and a 200 day moving average of C$24.92. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 45.40.

Pollard Banknote Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Tuesday, December 31st. Pollard Banknote’s dividend payout ratio (DPR) is 14.39%.

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.