Pollard Banknote (TSE:PBL) Sets New 52-Week Low – Time to Sell?

Pollard Banknote Limited (TSE:PBL) shares reached a new 52-week low during trading on Friday . The company traded as low as C$17.75 and last traded at C$17.92, with a volume of 27788 shares changing hands. The stock had previously closed at C$18.10.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PBL. ATB Cormark Capital Markets lifted their price objective on Pollard Banknote from C$36.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Thursday, March 12th. Raymond James Financial dropped their price target on Pollard Banknote from C$33.00 to C$29.00 and set an “outperform” rating for the company in a research note on Thursday, March 12th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$34.67.

Pollard Banknote Stock Down 1.0%

The company’s fifty day simple moving average is C$18.31 and its 200 day simple moving average is C$19.25. The company has a quick ratio of 1.01, a current ratio of 1.69 and a debt-to-equity ratio of 46.33. The firm has a market capitalization of C$485.06 million, a PE ratio of 14.22 and a beta of 1.10.

Pollard Banknote (TSE:PBL) last announced its earnings results on Tuesday, March 10th. The company reported C$0.17 earnings per share (EPS) for the quarter. Pollard Banknote had a return on equity of 9.56% and a net margin of 5.81%.The firm had revenue of C$150.76 million during the quarter. Analysts anticipate that Pollard Banknote Limited will post 2.0250184 earnings per share for the current fiscal year.

Pollard Banknote Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.20 annualized dividend and a yield of 1.1%. Pollard Banknote’s dividend payout ratio (DPR) is currently 15.87%.

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.