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Pollard Banknote (TSE:PBL) Stock Passes Below Fifty Day Moving Average - Here's Why

Pollard Banknote logo with Consumer Cyclical background

Pollard Banknote Limited (TSE:PBL - Get Free Report) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$24.69 and traded as low as C$22.96. Pollard Banknote shares last traded at C$23.25, with a volume of 13,447 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Cormark raised their price objective on shares of Pollard Banknote from C$33.00 to C$42.00 in a report on Wednesday, November 20th. Raymond James boosted their price target on Pollard Banknote from C$44.00 to C$46.00 in a report on Friday, November 15th. Finally, Canaccord Genuity Group increased their price objective on Pollard Banknote from C$32.00 to C$36.00 and gave the stock a "buy" rating in a report on Tuesday, August 27th.

View Our Latest Report on Pollard Banknote

Pollard Banknote Stock Up 1.1 %

The stock has a market capitalization of C$635.91 million, a P/E ratio of 16.91 and a beta of 0.63. The firm's 50-day simple moving average is C$24.63 and its 200 day simple moving average is C$25.84. The company has a debt-to-equity ratio of 45.40, a quick ratio of 1.01 and a current ratio of 1.78.

Pollard Banknote Company Profile

(Get Free Report)

Pollard Banknote Limited, together with its subsidiaries, manufactures and sells a range of lottery and charitable gaming products and solutions in the United States, Canada, and internationally. It operates through four segments: Lotteries, Charitable Gaming, eGaming systems, and Retail. The company designs, manufactures, and distributes instant tickets, as well as offers related services.

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