Pollard Banknote (TSE:PBL) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Pollard Banknote Limited (TSE:PBL)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$20.01 and traded as low as C$19.27. Pollard Banknote shares last traded at C$19.67, with a volume of 7,604 shares changing hands.

Wall Street Analyst Weigh In

Separately, Acumen Capital upped their price objective on Pollard Banknote from C$32.00 to C$34.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Pollard Banknote currently has a consensus rating of “Buy” and a consensus price target of C$35.00.

Pollard Banknote Stock Up 1.7%

The firm has a market cap of C$532.43 million, a P/E ratio of 19.28 and a beta of 0.74. The company’s 50-day simple moving average is C$20.01 and its 200 day simple moving average is C$20.91. The company has a debt-to-equity ratio of 51.70, a current ratio of 1.87 and a quick ratio of 1.01.

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.