Pollard Banknote (TSE:PBL) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Pollard Banknote Limited (TSE:PBL)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$17.63 and traded as high as C$18.25. Pollard Banknote shares last traded at C$17.90, with a volume of 108,183 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PBL shares. ATB Cormark Capital Markets dropped their price target on Pollard Banknote from C$32.00 to C$31.00 and set an “outperform” rating for the company in a research note on Tuesday. Raymond James Financial upgraded shares of Pollard Banknote from a “market perform” rating to an “outperform” rating and raised their price target for the company from C$21.50 to C$28.00 in a report on Friday, August 14th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$31.00.

Pollard Banknote Trading Up 0.8%

The firm has a fifty day moving average of C$17.63 and a 200 day moving average of C$17.70. The firm has a market capitalization of C$471.73 million, a PE ratio of 17.79 and a beta of 1.06. The company has a debt-to-equity ratio of 49.61, a quick ratio of 1.00 and a current ratio of 1.71.

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

Pollard Banknote Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.20 annualized dividend and a yield of 1.1%. Pollard Banknote’s payout ratio is 20.41%.

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.