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

Pollard Banknote logo with Consumer Cyclical background

Pollard Banknote Limited (TSE:PBL - Get Free Report)'s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$22.63 and traded as low as C$21.46. Pollard Banknote shares last traded at C$21.46, with a volume of 3,701 shares.

Analysts Set New Price Targets

PBL has been the topic of several research analyst reports. Raymond James Financial decreased their target price on Pollard Banknote from C$46.00 to C$39.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Cormark reduced their price target on shares of Pollard Banknote from C$42.00 to C$37.00 in a research report on Thursday, March 27th.

Read Our Latest Report on Pollard Banknote

Pollard Banknote Price Performance

The company has a current ratio of 1.87, a quick ratio of 1.01 and a debt-to-equity ratio of 51.70. The stock has a market capitalization of C$591.95 million, a P/E ratio of 12.31 and a beta of 0.63. The company has a fifty day simple moving average of C$20.80 and a two-hundred day simple moving average of C$22.63.

Pollard Banknote Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Monday, June 30th. Pollard Banknote's dividend payout ratio (DPR) is 11.47%.

About Pollard Banknote

(Get Free Report)

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.

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