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Pollard Banknote (TSE:PBL) Share Price Crosses Above Fifty Day Moving Average - Should You Sell?

Pollard Banknote logo with Consumer Cyclical background

Pollard Banknote Limited (TSE:PBL - Get Free Report)'s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$24.50 and traded as high as C$25.08. Pollard Banknote shares last traded at C$24.98, with a volume of 23,923 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Acumen Capital decreased their price objective on shares of Pollard Banknote from C$47.00 to C$28.00 and set a "buy" rating for the company in a research report on Wednesday, August 7th. Canaccord Genuity Group increased their price target on Pollard Banknote from C$32.00 to C$36.00 and gave the stock a "buy" rating in a research note on Tuesday, August 27th. Raymond James upped their target price on Pollard Banknote from C$40.50 to C$44.00 in a research report on Thursday, August 15th. Finally, Cormark dropped their target price on shares of Pollard Banknote from C$34.00 to C$33.00 in a report on Thursday, August 15th.

Check Out Our Latest Research Report on Pollard Banknote

Pollard Banknote Stock Performance

The company has a debt-to-equity ratio of 45.40, a current ratio of 1.78 and a quick ratio of 1.01. The company has a market cap of C$675.96 million, a price-to-earnings ratio of 17.97 and a beta of 0.63. The firm has a fifty day simple moving average of C$24.50 and a 200 day simple moving average of C$29.01.

Pollard Banknote (TSE:PBL - Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The company reported C$0.43 earnings per share (EPS) for the quarter. The firm had revenue of C$137.80 million for the quarter, compared to analyst estimates of C$138.58 million. Pollard Banknote had a net margin of 7.17% and a return on equity of 13.34%. On average, sell-side analysts expect that Pollard Banknote Limited will post 2.0250184 earnings per share for the current fiscal year.

Pollard Banknote Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Friday, September 27th. Pollard Banknote's dividend payout ratio (DPR) is 14.39%.

Insider Buying and Selling at Pollard Banknote

In other news, Senior Officer Riva Jean Richard sold 2,000 shares of Pollard Banknote stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$26.13, for a total value of C$52,260.00. Over the last three months, insiders sold 4,300 shares of company stock valued at $110,510. 64.02% of the stock is currently owned by company insiders.

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.

See Also

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