Pason Systems (TSE:PSI) Stock Passes Above 50-Day Moving Average - Should You Sell?

Key Points

• Pason Systems shares passed above its 50-day moving average, trading as high as C$13.21 and last at C$12.99 on volume of 80,574, versus a 50‑day MA of C$12.89.
• Analyst sentiment is lukewarm: National Bank Financial cut its target to C$15.50 with a "sector perform" rating, and the consensus from three analysts is an average "Hold" with a mean target of C$14.17.
• Pason reported C$0.10 EPS and C$108.71M in quarterly revenue, and pays a quarterly dividend that annualizes to C$0.52 for a 4.0% yield with a payout ratio of about 76%.

Pason Systems Inc. (TSE:PSI - Get Free Report) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$12.89 and traded as high as C$13.21. Pason Systems shares last traded at C$12.99, with a volume of 80,574 shares traded.

Analyst Upgrades and Downgrades

Separately, National Bank Financial reduced their target price on Pason Systems from C$17.00 to C$15.50 and set a "sector perform" rating for the company in a report on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of C$14.17.

Pason Systems Trading Down 0.2%

The company has a market capitalization of C$1.01 billion, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 10.78 and a beta of 0.31. The business has a fifty day moving average price of C$12.89 and a 200 day moving average price of C$12.33. The company has a debt-to-equity ratio of 10.90, a current ratio of 1.98 and a quick ratio of 3.54.

Pason Systems (TSE:PSI - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported C$0.10 EPS for the quarter. The company had revenue of C$108.71 million during the quarter. Pason Systems had a return on equity of 10.80% and a net margin of 12.68%. On average, equities analysts expect that Pason Systems Inc. will post 1.229765 EPS for the current fiscal year.

Pason Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, March 17th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.0%. Pason Systems's payout ratio is currently 76.47%.

Pason Systems Company Profile

Pason Systems Inc is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company's primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. Other product offerings include wellbore detection solutions, wellsite communications and bandwidth, wellbore gas analyzers, and software for data management.

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