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

Pollard Banknote Limited (TSE:PBL)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$18.20 and traded as low as C$17.51. Pollard Banknote shares last traded at C$17.73, with a volume of 13,774 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. ATB Cormark Capital Markets lowered their price target 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. Raymond James Financial lowered shares of 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. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. 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 debt-to-equity ratio of 45.17, a current ratio of 1.66 and a quick ratio of 1.00. The business has a 50-day simple moving average of C$16.89 and a 200-day simple moving average of C$18.20. The firm has a market capitalization of C$479.92 million, a PE ratio of 18.47 and a beta of 1.06.

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 company had revenue of C$141.64 million during the quarter. Equities research analysts expect that Pollard Banknote Limited will post 2.0250184 earnings per share for the current fiscal year.

Pollard Banknote Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Pollard Banknote’s dividend payout ratio (DPR) is currently 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.