Pollard Banknote (TSE:PBL) Sets New 1-Year Low – Here’s Why

Pollard Banknote Limited (TSE:PBL)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$18.00 and last traded at C$18.30, with a volume of 19956 shares changing hands. The stock had previously closed at C$19.02.

Wall Street Analyst Weigh In

PBL has been the topic of a number of recent research reports. Cormark dropped their price objective on Pollard Banknote from C$42.00 to C$37.00 in a research report on Thursday, March 27th. Raymond James decreased their target price on shares of Pollard Banknote from C$46.00 to C$39.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th.

Pollard Banknote Stock Performance

The company has a market capitalization of C$504.78 million, a PE ratio of 10.50 and a beta of 0.63. The company has a quick ratio of 1.01, a current ratio of 1.87 and a debt-to-equity ratio of 51.70. The business has a 50 day simple moving average of C$24.45 and a 200 day simple moving average of C$24.87.

Pollard Banknote Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Monday, March 31st. Pollard Banknote’s dividend payout ratio (DPR) is presently 11.47%.

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.