Pason Systems Inc. (TSE:PSI) Senior Officer Celine Boston Sells 5,000 Shares

Pason Systems Inc. (TSE:PSI - Get Free Report) Senior Officer Celine Boston sold 5,000 shares of the business's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of C$12.75, for a total value of C$63,750.00.

Pason Systems Price Performance

Shares of TSE PSI traded down C$0.19 during mid-day trading on Thursday, reaching C$12.83. The company's stock had a trading volume of 20,764 shares, compared to its average volume of 156,842. The firm has a market capitalization of C$1.02 billion, a PE ratio of 9.06, a P/E/G ratio of 10.78 and a beta of 1.58. The stock has a fifty day moving average of C$11.60 and a two-hundred day moving average of C$12.85. Pason Systems Inc. has a 52 week low of C$10.43 and a 52 week high of C$18.59. The company has a debt-to-equity ratio of 3.19, a current ratio of 2.59 and a quick ratio of 3.54.

Pason Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 4.05%. The ex-dividend date is Monday, June 16th. Pason Systems's payout ratio is 36.70%.

Wall Street Analysts Forecast Growth

PSI has been the subject of a number of research analyst reports. TD Securities decreased their target price on 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.

Pason Systems Company Profile

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.