Pollard Banknote (TSE:PBL) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Pollard Banknote Limited (TSE:PBL)’s stock price crossed 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 trading hands.

Analyst Upgrades and Downgrades

Several brokerages have commented on PBL. Acumen Capital cut their target price on Pollard Banknote from C$47.00 to C$28.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Canaccord Genuity Group increased their price target on shares of Pollard Banknote from C$32.00 to C$36.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Cormark reduced their price objective on shares of Pollard Banknote from C$34.00 to C$33.00 in a research note on Thursday, August 15th. Finally, Raymond James increased their target price on shares of Pollard Banknote from C$40.50 to C$44.00 in a research note on Thursday, August 15th.

Pollard Banknote Price Performance

The business has a 50 day simple moving average of C$24.50 and a two-hundred day simple moving average of C$28.96. The firm has a market capitalization of C$675.96 million, a P/E ratio of 17.97 and a beta of 0.63. 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 (TSE:PBL) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C$0.43 EPS for the quarter. The company had revenue of C$137.80 million during the quarter, compared to analyst estimates of C$138.58 million. Pollard Banknote had a return on equity of 13.34% and a net margin of 7.17%. On average, sell-side analysts expect that Pollard Banknote Limited will post 2.0250184 EPS for the current fiscal year.

Pollard Banknote Dividend Announcement

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

Insider Activity

In related news, Senior Officer Riva Jean Richard sold 2,000 shares of the company’s stock in a transaction 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. In the last quarter, insiders have sold 4,300 shares of company stock worth $110,510. 64.02% of the stock is currently owned by corporate insiders.

About Pollard Banknote

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.