Pason Systems (TSE:PSI) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Pason Systems Inc. (TSE:PSI - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$12.85 and traded as high as C$12.90. Pason Systems shares last traded at C$12.84, with a volume of 143,845 shares changing hands.

Analyst Ratings Changes

Several brokerages have recently issued reports on PSI. 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 note on Thursday, April 17th. TD Securities decreased their price target 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.

Pason Systems Price Performance

The stock has a 50 day moving average of C$11.68 and a two-hundred day moving average of C$12.84. The company has a debt-to-equity ratio of 3.19, a quick ratio of 3.54 and a current ratio of 2.59. The stock has a market cap of C$1.03 billion, a PE ratio of 9.18, a PEG ratio of 10.78 and a beta of 1.58.

Pason Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 30th will be issued a $0.13 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.00%. Pason Systems's payout ratio is currently 36.70%.

Insider Transactions at Pason Systems

In other Pason Systems news, Senior Officer Kevin Boston sold 5,000 shares of Pason Systems stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of C$11.94, for a total transaction of C$59,700.00. Also, Director James Lee Bowzer purchased 2,500 shares of the stock in a transaction dated Monday, May 12th. The shares were bought at an average price of C$11.32 per share, for a total transaction of C$28,303.88. Insiders sold a total of 24,900 shares of company stock valued at $303,440 over the last quarter. Company insiders own 0.13% of the company's stock.

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.