Pollard Banknote (TSE:PBL) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Shares of Pollard Banknote Limited (TSE:PBL) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 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.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. ATB Cormark Capital Markets cut their price target on shares of Pollard Banknote from C$41.00 to C$32.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Raymond James Financial cut shares of Pollard Banknote from an “outperform” rating to a “market perform” rating and decreased their price objective 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 issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$29.17.

Pollard Banknote Price Performance

The stock has a 50 day moving average of C$16.86 and a two-hundred day moving average of C$18.12. The company has a debt-to-equity ratio of 45.17, a quick ratio of 1.00 and a current ratio of 1.66. The firm has a market capitalization of C$483.98 million, a P/E ratio of 18.62 and a beta of 1.06.

Pollard Banknote (TSE:PBL) last announced its earnings results on Wednesday, May 13th. The company reported C$0.13 earnings per share (EPS) for the quarter. Pollard Banknote had a return on equity of 7.15% and a net margin of 4.47%.The firm had revenue of C$141.64 million during the quarter. Sell-side analysts predict that Pollard Banknote Limited will post 2.0250184 earnings per share for the current fiscal year.

Pollard Banknote Announces Dividend

The company also recently disclosed 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. This represents a $0.20 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Pollard Banknote’s dividend 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.