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Pollard Banknote (TSE:PBL) Shares Cross Above 50 Day Moving Average - Here's What Happened

Pollard Banknote logo with Consumer Cyclical background

Pollard Banknote Limited (TSE:PBL - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$24.39 and traded as high as C$24.53. Pollard Banknote shares last traded at C$24.53, with a volume of 6,616 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PBL shares. Cormark upped their price target on shares of Pollard Banknote from C$33.00 to C$42.00 in a research report on Wednesday, November 20th. Raymond James raised their target price on Pollard Banknote from C$44.00 to C$46.00 in a research report on Friday, November 15th.

Read Our Latest Stock Analysis on Pollard Banknote

Pollard Banknote Stock Performance

The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 45.40. The stock's fifty day simple moving average is C$24.39 and its 200 day simple moving average is C$25.12. The company has a market cap of C$656.75 million, a price-to-earnings ratio of 17.46 and a beta of 0.63.

Pollard Banknote Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Tuesday, December 31st. Pollard Banknote's dividend payout ratio (DPR) is presently 14.39%.

About Pollard Banknote

(Get Free Report)

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.

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