Pollard Banknote (TSE:PBL) Shares Cross Below 200 Day Moving Average – Time to Sell?

Pollard Banknote Limited (TSE:PBL)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.91 and traded as low as C$17.25. Pollard Banknote shares last traded at C$17.56, with a volume of 4,081 shares traded.

Analysts Set New Price Targets

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

Pollard Banknote Stock Up 1.8%

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 company has a market cap of C$475.31 million, a PE ratio of 18.29 and a beta of 1.06. The business’s 50 day moving average is C$17.19 and its 200-day moving average is C$17.91.

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

Pollard Banknote Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Pollard Banknote’s dividend payout ratio is 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.