Pollard Banknote (TSE:PBL) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Pollard Banknote Limited (TSE:PBL) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$18.43 and traded as low as C$16.85. Pollard Banknote shares last traded at C$17.05, with a volume of 12,473 shares changing hands.

Analysts Set New Price Targets

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

Pollard Banknote Stock Up 1.5%

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 stock has a market capitalization of C$461.51 million, a P/E ratio of 17.76 and a beta of 1.17. The stock’s fifty day simple moving average is C$17.09 and its two-hundred day simple moving average is C$18.43.

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

Pollard Banknote Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, June 30th. 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.