Pason Systems (TSE:PSI) Hits New 1-Year Low - Here's What Happened

Pason Systems Inc. (TSE:PSI - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$10.43 and last traded at C$11.59, with a volume of 228023 shares changing hands. The stock had previously closed at C$10.76.

Wall Street Analysts Forecast Growth

Separately, National Bankshares decreased their price objective on Pason Systems from C$20.00 to C$19.50 and set a "sector perform" rating for the company in a research note on Thursday, December 19th.

Pason Systems Trading Up 1.0 %

The stock has a 50-day simple moving average of C$12.70 and a 200 day simple moving average of C$13.55. 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$876.43 million, a price-to-earnings ratio of 7.77, a PEG ratio of 10.78 and a beta of 1.58.

Pason Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were given 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 4.72%. Pason Systems's dividend payout ratio is currently 36.70%.

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.