Pollard Banknote (TSE:PBL) Stock Price Crosses Above 50 Day Moving Average of $17.96

Pollard Banknote Limited (TSE:PBLGet Rating) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$17.96 and traded as high as C$20.00. Pollard Banknote shares last traded at C$19.94, with a volume of 9,259 shares trading hands.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Canaccord Genuity Group reduced their price objective on Pollard Banknote from C$22.00 to C$18.50 in a research note on Thursday, November 10th. Cormark set a C$25.00 price objective on Pollard Banknote in a research note on Monday, November 14th. Finally, Acumen Capital reduced their price objective on Pollard Banknote from C$38.00 to C$36.00 in a research note on Friday, August 12th.

Pollard Banknote Stock Performance

The company has a debt-to-equity ratio of 63.61, a current ratio of 2.05 and a quick ratio of 1.01. The company has a market capitalization of C$536.74 million and a price-to-earnings ratio of 39.88. The stock has a 50 day simple moving average of C$17.96 and a two-hundred day simple moving average of C$19.90.

Pollard Banknote Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Saturday, December 31st will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Thursday, December 29th. Pollard Banknote’s dividend payout ratio is presently 32.00%.

About Pollard Banknote

(Get Rating)

Pollard Banknote Limited, together with its subsidiaries, manufactures and sells a range of gaming products and services for the lottery and charitable gaming industries worldwide. The company operates through two segments, Lotteries and Charitable Gaming, and eGaming Systems. It designs, manufactures, and distributes instant tickets, as well as offers related services.

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