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Pollard Banknote (TSE:PBL) Share Price Passes Above 50 Day Moving Average - Should You Sell?

Pollard Banknote logo with Consumer Cyclical background

Pollard Banknote Limited (TSE:PBL - Get Free Report) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$19.38 and traded as high as C$20.77. Pollard Banknote shares last traded at C$20.77, with a volume of 3,502 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Raymond James decreased their price target on shares of Pollard Banknote from C$46.00 to C$39.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Cormark reduced their price objective on shares of Pollard Banknote from C$42.00 to C$37.00 in a research note on Thursday, March 27th.

Read Our Latest Report on Pollard Banknote

Pollard Banknote Price Performance

The company has a quick ratio of 1.01, a current ratio of 1.87 and a debt-to-equity ratio of 51.70. The company has a 50 day simple moving average of C$19.40 and a 200-day simple moving average of C$23.05. The stock has a market cap of C$593.88 million, a price-to-earnings ratio of 12.35 and a beta of 0.63.

Pollard Banknote Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.93%. Pollard Banknote's dividend payout ratio (DPR) is 11.47%.

Pollard Banknote Company Profile

(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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