Pason Systems (TSE:PSI) Hits New 1-Year Low - Should You Sell?

Pason Systems Inc. (TSE:PSI - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as C$11.84 and last traded at C$11.88, with a volume of 292665 shares trading hands. The stock had previously closed at C$12.82.

Wall Street Analysts Forecast Growth

Separately, National Bankshares cut their target price on shares of Pason Systems from C$20.00 to C$19.50 and set a "sector perform" rating on the stock in a research note on Thursday, December 19th.

Pason Systems Trading Up 7.7 %

The company has a fifty day simple moving average of C$12.85 and a two-hundred day simple moving average of C$13.60. 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 company has a market cap of C$922.60 million, a PE ratio of 8.18, a P/E/G ratio of 10.78 and a beta of 1.58.

Pason Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were paid a $0.13 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.52 dividend on an annualized basis and a yield of 4.49%. Pason Systems's dividend payout ratio is currently 36.70%.

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.