Pollard Banknote (TSE:PBL) Sets New 12-Month Low – Time to Sell?

Pollard Banknote Limited (TSE:PBL)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as C$18.00 and last traded at C$18.29, with a volume of 18020 shares traded. The stock had previously closed at C$18.21.

Analysts Set New Price Targets

Several research firms have issued reports on PBL. Cormark dropped their price objective on Pollard Banknote from C$42.00 to C$37.00 in a report on Thursday, March 27th. Raymond James decreased their target price on 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 Up 0.1 %

The company has a current ratio of 1.87, a quick ratio of 1.01 and a debt-to-equity ratio of 51.70. The stock has a 50-day moving average of C$22.53 and a 200-day moving average of C$24.40. The firm has a market cap of C$502.85 million, a price-to-earnings ratio of 10.46 and a beta of 0.63.

Pollard Banknote Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were issued a $0.05 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.10%. Pollard Banknote’s dividend payout ratio (DPR) is presently 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.