Russell Smith Sells 4,700 Shares of Pason Systems Inc. (TSE:PSI) Stock

Pason Systems Inc. (TSE:PSI - Get Free Report) Senior Officer Russell Smith sold 4,700 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of C$12.10, for a total transaction of C$56,870.00.

Pason Systems Stock Up 0.5%

Pason Systems stock traded up C$0.06 during mid-day trading on Friday, hitting C$12.20. The company had a trading volume of 271,682 shares, compared to its average volume of 155,845. The stock has a market cap of C$971.16 million, a price-to-earnings ratio of 8.61, a PEG ratio of 10.78 and a beta of 1.58. Pason Systems Inc. has a 1 year low of C$10.43 and a 1 year high of C$18.59. The business has a fifty day moving average of C$11.68 and a 200 day moving average of C$12.99. The company has a quick ratio of 3.54, a current ratio of 2.59 and a debt-to-equity ratio of 3.19.

Pason Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 4.26%. The ex-dividend date was Monday, March 17th. Pason Systems's dividend payout ratio is presently 36.70%.

Analysts Set New Price Targets

A number of research firms have recently commented on PSI. TD Securities cut their price objective on shares of Pason Systems from C$16.00 to C$13.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Royal Bank of Canada dropped their price target on shares of Pason Systems from C$18.00 to C$16.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th.

About Pason Systems

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.