Pollard Banknote (TSE:PBL) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Pollard Banknote Limited (TSE:PBL)’s stock price passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$17.23 and traded as low as C$16.82. Pollard Banknote shares last traded at C$16.85, with a volume of 5,336 shares trading hands.

Analyst Ratings Changes

Several research firms recently commented on PBL. ATB Cormark Capital Markets reduced their price target on Pollard Banknote from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 1st. Raymond James Financial upgraded Pollard Banknote from a “market perform” rating to an “outperform” rating and upped their price target for the stock from C$21.50 to C$28.00 in a report on Friday, August 14th. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Pollard Banknote has a consensus rating of “Buy” and an average target price of C$29.50.

Pollard Banknote Price Performance

The stock has a market cap of C$455.49 million, a PE ratio of 17.17 and a beta of 1.15. The company has a current ratio of 1.71, a quick ratio of 1.00 and a debt-to-equity ratio of 49.61. The company’s 50 day moving average is C$17.21 and its 200-day moving average is C$17.28.

Pollard Banknote (TSE:PBL) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$0.32 earnings per share for the quarter. The company had revenue of C$154.83 million during the quarter. Pollard Banknote had a net margin of 4.48% and a return on equity of 7.16%. As a group, sell-side analysts predict that Pollard Banknote Limited will post 2.03 earnings per share for the current year.

Pollard Banknote Company Profile

Pollard Banknote is a partner of choice to responsibly drive revenues for good causes both at retail and through digital channels for lotteries and charitable gaming markets worldwide. We empower our customers to maximize success through innovative offerings, strategic marketing, portfolio management, analytics, and end-to-end warehousing and logistics services. We offer an extensive high-performing gaming lineup, including instant tickets, pull-tab tickets and vending machines, the full range of paper and electronic bingo products, and cutting-edge electronic pull-tab gaming solutions.