Pason Systems (TSE:PSI) Stock Price Crosses Above 50-Day Moving Average - Here's Why

Key Points

• Pason Systems shares climbed above their 50‑day moving average, trading as high as C$13.23 and last at C$13.06 versus the 50‑day average of C$12.78 on heavy volume (420,847 shares).
• Analyst activity shows National Bank Financial cut its target from C$17.00 to C$15.50 with a "sector perform" rating; the stock's consensus rating is "Hold" with a consensus target of C$14.17.
• Pason declared a quarterly dividend of C$0.13 (paid Mar 31), equal to a C$0.52 annualized payout and a 4.0% yield, though the payout ratio is relatively high at 76.47%.

Pason Systems Inc. (TSE:PSI - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$12.78 and traded as high as C$13.23. Pason Systems shares last traded at C$13.06, with a volume of 420,847 shares traded.

Analyst Ratings Changes

Separately, National Bank Financial decreased their target price on shares of Pason Systems from C$17.00 to C$15.50 and set a "sector perform" rating for the company in a research report on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of C$14.17.

Pason Systems Stock Down 0.1%

The stock has a market cap of C$1.01 billion, a P/E ratio of 19.21, a price-to-earnings-growth ratio of 10.78 and a beta of 0.31. The company has a current ratio of 1.98, a quick ratio of 3.54 and a debt-to-equity ratio of 10.90. The stock's 50-day moving average is C$12.78 and its 200-day moving average is C$12.28.

Pason Systems (TSE:PSI - Get Free Report) last released 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 for the quarter. Pason Systems had a net margin of 12.68% and a return on equity of 10.80%. As a group, research analysts anticipate that Pason Systems Inc. will post 1.229765 earnings per share for the current fiscal year.

Pason Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were issued a $0.13 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $0.52 annualized dividend and a dividend yield of 4.0%. Pason Systems's dividend payout ratio (DPR) is 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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