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

Pollard Banknote Limited (TSE:PBL)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-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 trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Raymond James increased their target price on shares of Pollard Banknote from C$44.00 to C$46.00 in a report on Friday, November 15th. Cormark boosted their price objective on shares of Pollard Banknote from C$33.00 to C$42.00 in a research note on Wednesday, November 20th.

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 company has a market cap of C$663.78 million, a PE ratio of 17.65 and a beta of 0.63. The firm’s 50-day simple moving average is C$24.39 and its two-hundred day simple moving average is C$25.12.

Pollard Banknote Dividend Announcement

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

Pollard Banknote Company Profile

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.