Pollard Banknote (TSE:PBL) Stock Passes Above Fifty Day Moving Average – Here’s Why

Pollard Banknote Limited (TSE:PBL) 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

A number of research analysts have weighed in on the company. Cormark raised their price objective on Pollard Banknote from C$33.00 to C$42.00 in a report on Wednesday, November 20th. Raymond James lifted their price objective on Pollard Banknote from C$44.00 to C$46.00 in a research report on Friday, November 15th.

Pollard Banknote Stock Performance

The firm has a 50 day moving average price of C$24.39 and a 200-day moving average price of C$25.12. 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 firm has a market capitalization of C$663.78 million, a price-to-earnings ratio of 17.65 and a beta of 0.63.

Pollard Banknote Dividend Announcement

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

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.