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

Shares of Pollard Banknote Limited (TSE:PBL) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$17.54 and traded as high as C$18.25. Pollard Banknote shares last traded at C$18.25, with a volume of 2,011 shares traded.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PBL. Raymond James Financial upgraded shares of Pollard Banknote from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from C$21.50 to C$28.00 in a research note on Friday, August 14th. ATB Cormark Capital Markets reduced their price target on shares of Pollard Banknote from C$41.00 to C$32.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Pollard Banknote has an average rating of “Buy” and a consensus target price of C$31.33.

Pollard Banknote Trading Up 2.8%

The business has a 50 day moving average of C$17.54 and a two-hundred day moving average of C$17.80. The firm has a market capitalization of C$493.99 million, a price-to-earnings ratio of 18.62 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 announced its quarterly earnings data on Wednesday, August 12th. The company reported C$0.32 EPS for the quarter. The firm had revenue of C$154.83 million during the quarter. Pollard Banknote had a return on equity of 7.16% and a net margin of 4.48%. Equities analysts predict 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, July 15th. Investors of record on Wednesday, July 15th were given a $0.05 dividend. 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 dividend payout ratio (DPR) is presently 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.