Pason Systems Inc. (TSE:PSI - Get Free Report) Senior Officer Jonathan Faber sold 2,600 shares of Pason Systems stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of C$12.33, for a total transaction of C$32,058.00.
Pason Systems Stock Performance
PSI stock traded down C$0.29 during midday trading on Wednesday, reaching C$12.30. 91,572 shares of the company's stock traded hands, compared to its average volume of 157,996. Pason Systems Inc. has a 52-week low of C$10.43 and a 52-week high of C$18.59. The stock has a market cap of C$979.12 million, a P/E ratio of 8.68, a PEG ratio of 10.78 and a beta of 1.58. The company has a current ratio of 2.59, a quick ratio of 3.54 and a debt-to-equity ratio of 3.19. The stock's 50-day moving average is C$11.64 and its 200 day moving average is C$12.93.
Pason Systems Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were issued a dividend of $0.13 per share. The ex-dividend date was Monday, March 17th. This represents a $0.52 dividend on an annualized basis and a yield of 4.23%. Pason Systems's dividend payout ratio is currently 36.70%.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. Royal Bank of Canada lowered their price objective on shares of Pason Systems from C$18.00 to C$16.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. TD Securities lowered their price objective on shares of Pason Systems from C$16.00 to C$13.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th.
Read Our Latest Research Report on Pason Systems
About Pason Systems
(
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Pason Systems Inc, together with its subsidiaries, provides instrumentation and data management systems for drilling rigs in Canada, the United States, and internationally. The company provides Electronic Drilling Recorder, which provides real-time drilling data to rig site personnel; DataHub with Pason Live, which is used as the central repository for data and reports captured at the rigs for real-time; and DataLink that provides automated in-house databases, third-party analytics platforms, remote geosteering, and other remote services.
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