Pason Systems Inc. (TSE:PSI - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-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 traded.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on PSI shares. Royal Bank Of Canada dropped their target price 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 dropped their price objective on shares of 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.
Check Out Our Latest Report on Pason Systems
Pason Systems Price Performance
The company has a market cap of C$1.00 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 10.78 and a beta of 1.58. The company has a 50-day simple moving average of C$12.09 and a 200-day simple moving average of C$12.67. 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 business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 30th were given 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 4.12%. Pason Systems's payout ratio is currently 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 stock was sold at an average price of C$11.87, for a total value of C$59,350.00. Also, Senior Officer Lars Olesen sold 2,200 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of C$12.02, for a total value of C$26,444.00. In the last 90 days, insiders sold 24,500 shares of company stock worth $298,172. 0.13% of the stock is currently owned by company insiders.
Pason Systems Company Profile
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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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