Pollard Banknote (TSE:PBL) Sets New 52-Week Low – Should You Sell?

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Cormark reduced their price objective on Pollard Banknote from C$42.00 to C$37.00 in a research note on Thursday, March 27th. Raymond James reduced their price target 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 firm’s fifty day simple moving average is C$24.45 and its 200 day simple moving average is C$24.87. 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 debt-to-equity ratio of 51.70, a current ratio of 1.87 and a quick ratio of 1.01.

Pollard Banknote Announces Dividend

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

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.