Pollard Banknote (TSE:PBL) Stock Price Crosses Below 50 Day Moving Average - Time to Sell?

Key Points

• Pollard Banknote shares fell below their 50-day moving average, trading as low as C$16.16 and last changing hands at C$16.57, compared with a 50-day average of C$17.44.
• Despite the technical weakness, analysts remain positive: the stock has an average “Buy” rating and a consensus price target of C$31.00. Raymond James recently upgraded the shares to “outperform” and raised its target to C$28.00.
• The company reported quarterly earnings of C$0.32 per share on revenue of C$154.83 million and pays a quarterly dividend of C$0.05, equivalent to a 1.2% annual yield.

Pollard Banknote Limited (TSE:PBL - Get Free Report)'s stock price passed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of C$17.44 and traded as low as C$16.16. Pollard Banknote shares last traded at C$16.57, with a volume of 84,258 shares changing hands.

Analyst Ratings Changes

PBL has been the subject of a number of recent analyst reports. Raymond James Financial upgraded shares of Pollard Banknote from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from C$21.50 to C$28.00 in a report on Friday, August 14th. ATB Cormark Capital Markets cut their target price on Pollard Banknote from C$32.00 to C$31.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 1st. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of C$31.00.

Pollard Banknote Stock Down 1.9%

The company's 50-day simple moving average is C$17.44 and its two-hundred day simple moving average is C$17.45. The firm has a market capitalization of C$448.45 million, a P/E ratio of 16.91 and a beta of 1.12. The company has a debt-to-equity ratio of 49.61, a current ratio of 1.71 and a quick ratio of 1.00.

Pollard Banknote (TSE:PBL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$0.32 earnings per share for the quarter. The firm had revenue of C$154.83 million for the quarter. Pollard Banknote had a return on equity of 7.16% and a net margin of 4.48%. As a group, research analysts expect that Pollard Banknote Limited will post 2.0250184 earnings per share for the current year.

Pollard Banknote Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.20 annualized dividend and a dividend yield of 1.2%. Pollard Banknote's dividend payout ratio (DPR) is presently 20.41%.

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.

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