Pollard Banknote (TSE:PBL) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Pollard Banknote Limited (TSE:PBL) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$18.55 and traded as low as C$15.82. Pollard Banknote shares last traded at C$16.02, with a volume of 6,651 shares changing hands.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PBL. Raymond James Financial lowered Pollard Banknote from an “outperform” rating to a “market perform” rating and cut their price target for the company from C$29.00 to C$21.50 in a research note on Thursday, May 14th. ATB Cormark Capital Markets cut their price target on Pollard Banknote from C$41.00 to C$32.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$29.17.

Pollard Banknote Stock Down 0.2%

The company has a debt-to-equity ratio of 45.17, a current ratio of 1.66 and a quick ratio of 1.01. The firm has a market cap of C$433.63 million, a price-to-earnings ratio of 16.69 and a beta of 1.17. The firm has a 50 day moving average price of C$17.25 and a 200-day moving average price of C$18.55.

Pollard Banknote (TSE:PBL) last issued its quarterly 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 business had revenue of C$141.64 million for the quarter. As a group, equities analysts predict that Pollard Banknote Limited will post 2.0250184 EPS for the current fiscal year.

Pollard Banknote Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.20 annualized dividend and a yield of 1.2%. Pollard Banknote’s dividend payout ratio is presently 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.