Pollard Banknote (TSE:PBL) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Shares of Pollard Banknote Limited (TSE:PBL) passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of C$17.23 and traded as low as C$16.82. Pollard Banknote shares last traded at C$16.85, with a volume of 5,336 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. ATB Cormark Capital Markets reduced their price target on Pollard Banknote from C$32.00 to C$31.00 and set an “outperform” rating for the company in a report on Tuesday, September 1st. Raymond James Financial raised Pollard Banknote from a “market perform” rating to an “outperform” rating and boosted their price target for the company from C$21.50 to C$28.00 in a research note on Friday, August 14th. Two equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$29.50.

Pollard Banknote Stock Performance

The firm has a market cap of C$456.03 million, a price-to-earnings ratio of 17.19 and a beta of 1.15. The firm’s 50 day moving average is C$17.23 and its 200-day moving average is C$17.30. The company has a debt-to-equity ratio of 49.61, a quick ratio of 1.00 and a current ratio of 1.71.

Pollard Banknote (TSE:PBL) last posted its earnings results on Wednesday, August 12th. The company reported C$0.32 EPS for the quarter. The firm had revenue of C$154.83 million for the quarter. Pollard Banknote had a net margin of 4.48% and a return on equity of 7.16%. Sell-side analysts anticipate that Pollard Banknote Limited will post 2.03 earnings per share for the current fiscal year.

About Pollard Banknote

Pollard Banknote is a partner of choice to responsibly drive revenues for good causes both at retail and through digital channels for lotteries and charitable gaming markets worldwide. We empower our customers to maximize success through innovative offerings, strategic marketing, portfolio management, analytics, and end-to-end warehousing and logistics services. We offer an extensive high-performing gaming lineup, including instant tickets, pull-tab tickets and vending machines, the full range of paper and electronic bingo products, and cutting-edge electronic pull-tab gaming solutions.