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

Pollard Banknote Limited (TSE:PBL - Get Free Report)'s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$20.58 and traded as high as C$21.39. Pollard Banknote shares last traded at C$21.00, with a volume of 6,071 shares.

Analysts Set New Price Targets

Several brokerages have commented on PBL. Raymond James cut 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 report on Tuesday, March 11th. Cormark decreased their target price on Pollard Banknote from C$42.00 to C$37.00 in a research note on Thursday, March 27th.

Pollard Banknote Stock Performance

The stock has a market cap of C$579.26 million, a PE ratio of 12.04 and a beta of 0.63. The company has a debt-to-equity ratio of 51.70, a quick ratio of 1.01 and a current ratio of 1.87. The company's 50-day moving average price is C$20.58 and its two-hundred day moving average price is C$23.77.

Pollard Banknote Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 0.95%. Pollard Banknote's dividend payout ratio (DPR) is presently 11.47%.

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.

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