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

Pollard Banknote Limited (TSE:PBL) shares passed 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 trading hands.

Analyst Ratings Changes

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

Pollard Banknote Trading Down 0.2%

The company has a debt-to-equity ratio of 49.61, a current ratio of 1.71 and a quick ratio of 1.00. The stock has a 50-day moving average price of C$17.62 and a two-hundred day moving average price of C$17.63. The stock has a market cap of C$466.04 million, a PE ratio of 17.57 and a beta of 1.12.

Pollard Banknote (TSE:PBL) last posted its earnings results on Wednesday, August 12th. The company reported C$0.32 EPS for the quarter. Pollard Banknote had a return on equity of 7.16% and a net margin of 4.48%.The company had revenue of C$154.83 million for the quarter. Sell-side analysts forecast that Pollard Banknote Limited will post 2.0250184 earnings per share for the current fiscal year.

Pollard Banknote Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Pollard Banknote’s dividend payout ratio is 20.41%.

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.