Pollard Banknote (TSE:PBL) Stock Crosses Above Fifty Day Moving Average – Time to Sell?

Pollard Banknote Limited (TSE:PBL) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$17.00 and traded as high as C$17.25. Pollard Banknote shares last traded at C$17.25, with a volume of 11,742 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Raymond James Financial downgraded shares of Pollard Banknote from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from C$29.00 to C$21.50 in a research note on Thursday, May 14th. ATB Cormark Capital Markets reduced their target price on 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. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Pollard Banknote currently has an average rating of “Moderate Buy” and an average price target of C$29.17.

Pollard Banknote Stock Performance

The company has a market cap of C$466.92 million, a PE ratio of 17.97 and a beta of 1.17. The company has a current ratio of 1.66, a quick ratio of 1.00 and a debt-to-equity ratio of 45.17. The business’s 50 day moving average is C$17.00 and its two-hundred day moving average is C$18.34.

Pollard Banknote (TSE:PBL) last issued 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 company had revenue of C$141.64 million for the quarter. On average, equities research analysts anticipate that Pollard Banknote Limited will post 2.0250184 EPS for the current year.

Pollard Banknote Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.2%. Pollard Banknote’s dividend payout ratio (DPR) is presently 20.83%.

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.