Pollard Banknote (TSE:PBL) Hits New 1-Year Low - Here's Why

Pollard Banknote Limited (TSE:PBL - Get Free Report) hit a new 52-week low on Friday . The stock traded as low as C$18.00 and last traded at C$18.30, with a volume of 19956 shares. The stock had previously closed at C$19.02.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on PBL shares. Cormark dropped their price objective on shares of Pollard Banknote from C$42.00 to C$37.00 in a research note on Thursday, March 27th. Raymond James dropped their price target on shares of Pollard Banknote from C$46.00 to C$39.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th.

Pollard Banknote Price Performance

The stock has a fifty day moving average of C$23.42 and a two-hundred day moving average of C$24.66. The stock has a market cap of C$528.51 million, a price-to-earnings ratio of 10.99 and a beta of 0.63. The company has a quick ratio of 1.01, a current ratio of 1.87 and a debt-to-equity ratio of 51.70.

Pollard Banknote Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.04%. Pollard Banknote's dividend payout ratio (DPR) is presently 11.47%.

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.