Pason Systems (TSE:PSI) Stock Price Passes Above 200-Day Moving Average - Here's Why

Pason Systems Inc. (TSE:PSI - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$12.44 and traded as high as C$13.76. Pason Systems shares last traded at C$13.70, with a volume of 80,970 shares changing hands.

Analysts Set New Price Targets

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

Pason Systems Trading Down 0.3%

The company has a debt-to-equity ratio of 10.90, a current ratio of 1.98 and a quick ratio of 3.54. The business's 50-day simple moving average is C$13.02 and its two-hundred day simple moving average is C$12.44. The stock has a market capitalization of C$1.06 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 10.78 and a beta of 0.41.

Pason Systems (TSE:PSI - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported C$0.10 earnings per share (EPS) for the quarter. Pason Systems had a net margin of 12.68% and a return on equity of 10.80%. The company had revenue of C$108.71 million during the quarter. On average, research analysts anticipate that Pason Systems Inc. will post 1.229765 earnings per share for the current fiscal year.

Pason Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.8%. The ex-dividend date was Tuesday, March 17th. Pason Systems's dividend payout ratio is currently 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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