Pason Systems (TSE:PSI) Shares Pass Above 200 Day Moving Average - Time to Sell?

Pason Systems Inc. (TSE:PSI - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$12.67 and traded as high as C$12.80. Pason Systems shares last traded at C$12.61, with a volume of 27,508 shares changing hands.

Analyst Ratings Changes

A number of brokerages have recently commented on PSI. Royal Bank Of Canada lowered their price objective on 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. TD Securities lowered their price objective on 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.

Pason Systems Stock Performance

The firm has a 50 day moving average of C$12.15 and a two-hundred day moving average of C$12.66. The stock has a market cap of C$1.03 billion, a P/E ratio of 9.15, a P/E/G ratio of 10.78 and a beta of 1.58. The company has a debt-to-equity ratio of 3.19, a quick ratio of 3.54 and a current ratio of 2.59.

Pason Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were paid a dividend of $0.13 per share. The ex-dividend date was Monday, June 16th. This represents a $0.52 annualized dividend and a yield of 4.01%. Pason Systems's payout ratio is 36.70%.

Insider Activity

In other Pason Systems news, Senior Officer Celine Boston sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of C$12.75, for a total value of C$63,750.00. Also, Senior Officer Russell Smith sold 4,700 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of C$12.10, for a total value of C$56,870.00. Insiders have sold 24,500 shares of company stock worth $298,172 over the last 90 days. Company insiders own 0.13% of the company's stock.

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.