Pollard Banknote (TSE:PBL) Share Price Crosses Below Fifty Day Moving Average of $39.21

Pollard Banknote Limited (TSE:PBL)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$39.21 and traded as low as C$37.79. Pollard Banknote shares last traded at C$38.39, with a volume of 11,515 shares traded.

A number of research firms have recently weighed in on PBL. lowered Pollard Banknote from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$55.00 to C$48.00 in a research report on Thursday, November 11th. Raymond James lowered their target price on shares of Pollard Banknote from C$57.00 to C$51.50 and set an “outperform” rating for the company in a research note on Friday, November 12th. Cormark lowered their target price on shares of Pollard Banknote from C$66.00 to C$46.50 in a research note on Saturday, November 13th. Finally, Acumen Capital lowered their target price on shares of Pollard Banknote from C$60.00 to C$58.00 in a research note on Friday, November 12th.

The company has a debt-to-equity ratio of 64.11, a current ratio of 1.65 and a quick ratio of 0.92. The business’s 50 day moving average is C$39.21 and its 200 day moving average is C$45.41. The stock has a market cap of C$1.03 billion and a price-to-earnings ratio of 38.70.

Pollard Banknote (TSE:PBL) last released its quarterly earnings data on Wednesday, November 10th. The company reported C($0.02) earnings per share (EPS) for the quarter. The business had revenue of C$116.90 million for the quarter. As a group, analysts forecast that Pollard Banknote Limited will post 1.3 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 14th. Shareholders of record on Friday, December 31st were paid a $0.04 dividend. The ex-dividend date was Thursday, December 30th. This represents a $0.16 annualized dividend and a yield of 0.42%. Pollard Banknote’s dividend payout ratio is presently 16.13%.

About Pollard Banknote (TSE:PBL)

Pollard Banknote Limited, together with its subsidiaries, manufactures and sells a range of gaming products and services for the lottery and charitable gaming industries worldwide. The company operates through two segments, Lotteries and Charitable Gaming, and Diamond Game. It designs, manufactures, and distributes instant tickets, as well as offers related services.

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