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.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. Royal Bank Of Canada decreased their price target on Pason Systems from C$18.00 to C$16.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. TD Securities decreased their price target on Pason Systems from C$16.00 to C$13.00 and set a "buy" rating for the company in a report on Wednesday, April 16th.
Check Out Our Latest Stock Analysis on Pason Systems
Pason Systems Trading Down 0.6%
The company has a 50 day moving average of C$12.09 and a 200-day 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. The stock has a market cap of C$1.00 billion, a price-to-earnings ratio of 8.90, a price-to-earnings-growth ratio of 10.78 and a beta of 1.58.
Pason Systems Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were issued a $0.13 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.52 annualized dividend and a dividend yield of 4.12%. Pason Systems's dividend payout ratio is currently 36.70%.
Insiders Place Their Bets
In related news, Senior Officer Jonathan Faber sold 2,600 shares of Pason Systems stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$12.33, for a total transaction of C$32,058.00. Also, Senior Officer Ryan Van Beurden sold 5,000 shares of the business's stock in a transaction 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. Over the last ninety days, insiders sold 24,500 shares of company stock worth $298,172. Corporate insiders own 0.13% of the company's stock.
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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