Pollard Banknote (TSE:PBL) Reaches New 52-Week Low – Here’s What Happened

Shares of Pollard Banknote Limited (TSE:PBL) hit a new 52-week low during mid-day trading on Monday. The company traded as low as C$14.58 and last traded at C$14.80, with a volume of 106,902 shares changing hands. The stock had previously closed at C$16.30.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Raymond James Financial upgraded Pollard Banknote from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$21.50 to C$28.00 in a research report on Friday, August 14th. ATB Cormark Capital Markets dropped their price objective on 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. Two analysts have rated the stock with a Buy rating. According to MarketBeat.com, Pollard Banknote has a consensus rating of “Buy” and a consensus price target of C$29.50.

Pollard Banknote Stock Down 9.2%

The stock’s fifty day moving average is C$16.80 and its two-hundred day moving average is C$17.61. The company has a current ratio of 1.71, a quick ratio of 1.00 and a debt-to-equity ratio of 49.61. The firm has a market cap of C$400.55 million, a P/E ratio of 15.10 and a beta of 1.43.

Pollard Banknote (TSE:PBL) last announced its quarterly earnings results on Friday, November 6th. The company reported C$0.30 EPS for the quarter. The firm had revenue of C$158.90 million during the quarter. Pollard Banknote had a net margin of 4.48% and a return on equity of 7.16%. As a group, research analysts anticipate that Pollard Banknote Limited will post 2.03 earnings per share for the current year.

About Pollard Banknote

Pollard Banknote is a partner of choice to responsibly drive revenues for good causes both at retail and through digital channels for lotteries and charitable gaming markets worldwide. We empower our customers to maximize success through innovative offerings, strategic marketing, portfolio management, analytics, and end-to-end warehousing and logistics services. We offer an extensive high-performing gaming lineup, including instant tickets, pull-tab tickets and vending machines, the full range of paper and electronic bingo products, and cutting-edge electronic pull-tab gaming solutions.