Pason Systems (TSE:PSI) Stock Crosses Below Two Hundred Day Moving Average - Should You Sell?

Pason Systems Inc. (TSE:PSI - Get Free Report)'s share price 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 changing hands.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PSI. TD Securities cut 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 report on Wednesday, April 16th. Royal Bank of Canada dropped their target price on shares of Pason Systems from C$18.00 to C$16.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th.

Pason Systems Stock Up 0.5%

The stock has a market cap of C$971.16 million, a P/E ratio of 8.61, a P/E/G ratio of 10.78 and a beta of 1.58. 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 firm's fifty day moving average is C$11.68 and its 200 day moving average is C$12.96.

Pason Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were issued a dividend of $0.13 per share. The ex-dividend date was Monday, March 17th. This represents a $0.52 annualized dividend and a dividend yield of 4.26%. Pason Systems's payout ratio is 36.70%.

Insider Transactions at Pason Systems

In other Pason Systems news, Director James Lee Bowzer bought 2,500 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were acquired at an average cost of C$11.32 per share, for a total transaction of C$28,303.88. Also, Senior Officer Kevin Boston sold 5,000 shares of Pason Systems stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of C$11.94, for a total transaction of C$59,700.00. In the last 90 days, insiders have sold 17,300 shares of company stock worth $207,632. 0.13% of the stock is currently owned by company insiders.

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.