Pason Systems Inc. (TSE:PSI - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$13.02 and traded as low as C$11.88. Pason Systems shares last traded at C$12.06, with a volume of 163,630 shares trading hands.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on PSI shares. Royal Bank of Canada reduced their price objective on 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 reduced their price objective on Pason Systems from C$16.00 to C$13.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th.
View Our Latest Stock Report on Pason Systems
Pason Systems Stock Performance
The company has a debt-to-equity ratio of 3.19, a current ratio of 2.59 and a quick ratio of 3.54. The firm has a 50 day moving average of C$11.71 and a two-hundred day moving average of C$13.01. The stock has a market cap of C$971.16 million, a PE ratio of 8.61, a PEG ratio of 10.78 and a beta of 1.58.
Pason Systems Dividend Announcement
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 dividend of $0.13 per share. The ex-dividend date was Monday, March 17th. This represents a $0.52 dividend on an annualized basis and a yield of 4.26%. Pason Systems's dividend payout ratio is presently 36.70%.
Insider Buying and Selling
In related news, Senior Officer Russell Smith sold 4,700 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of C$12.10, for a total value of C$56,870.00. Also, Senior Officer Lars Olesen sold 2,200 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of C$12.02, for a total transaction of C$26,444.00. Insiders have sold 17,300 shares of company stock worth $207,632 in the last quarter. 0.13% of the stock is owned by insiders.
About Pason Systems
(
Get Free Report)
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.
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