Pollard Banknote (TSE:PBL) Shares Pass Below 50 Day Moving Average - Here's What Happened

Pollard Banknote Limited (TSE:PBL - Get Free Report) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$18.35 and traded as low as C$17.77. Pollard Banknote shares last traded at C$18.00, with a volume of 48,459 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Raymond James Financial cut their price objective on Pollard Banknote from C$33.00 to C$29.00 and set an "outperform" rating for the company in a report on Thursday, March 12th. ATB Cormark Capital Markets lifted their price objective on Pollard Banknote from C$36.00 to C$41.00 and gave the company an "outperform" rating in a report on Thursday, March 12th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of C$34.67.

Pollard Banknote Stock Performance

The company has a market capitalization of C$487.22 million, a P/E ratio of 14.29 and a beta of 1.10. The stock has a fifty day simple moving average of C$18.35 and a 200-day simple moving average of C$19.31. The company has a quick ratio of 1.01, a current ratio of 1.69 and a debt-to-equity ratio of 46.33.

Pollard Banknote (TSE:PBL - Get Free Report) last released its quarterly 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 business had revenue of C$150.76 million during the quarter. Equities analysts forecast that Pollard Banknote Limited will post 2.0250184 EPS for the current year.

Pollard Banknote Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, March 31st. Pollard Banknote's payout ratio 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.

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