Pason Systems Inc. (TSE:PSI - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$12.80 and traded as high as C$13.04. Pason Systems shares last traded at C$12.64, with a volume of 144,530 shares traded.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on PSI shares. TD Securities reduced their price target on shares of Pason Systems from C$16.00 to C$13.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Royal Bank Of Canada reduced their price target on shares of Pason Systems from C$18.00 to C$16.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th.
Read Our Latest Stock Analysis on PSI
Pason Systems Stock Down 2.2%
The business's 50-day moving average price is C$11.77 and its 200-day moving average price is C$12.80. The company has a quick ratio of 3.54, a current ratio of 2.59 and a debt-to-equity ratio of 3.19. The firm has a market capitalization of C$1.01 billion, a PE ratio of 8.92, a price-to-earnings-growth ratio of 10.78 and a beta of 1.58.
Pason Systems Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Monday, June 16th. Pason Systems's payout ratio is presently 36.70%.
Insider Activity at Pason Systems
In related news, Senior Officer Ryan Van Beurden sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of C$11.87, for a total transaction of C$59,350.00. Also, Director James Lee Bowzer acquired 2,500 shares of the business's stock in a transaction that occurred on 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. Over the last quarter, insiders have sold 24,900 shares of company stock valued at $303,440. 0.13% of the stock is currently owned by corporate insiders.
Pason Systems Company Profile
(
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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