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

Pollard Banknote Limited (TSE:PBL) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$19.66 and traded as low as C$19.29. Pollard Banknote shares last traded at C$19.29, with a volume of 2,526 shares.

Wall Street Analysts Forecast Growth

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

Pollard Banknote Stock Down 0.6%

The company has a market capitalization of C$522.14 million, a price-to-earnings ratio of 18.91 and a beta of 0.74. The company has a debt-to-equity ratio of 51.70, a quick ratio of 1.01 and a current ratio of 1.87. The business’s 50 day moving average is C$19.66 and its 200 day moving average is C$20.79.

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.