Pason Systems (TSE:PSI) Stock Price Crosses Below 200 Day Moving Average - Time to Sell?

Key Points

• Pason Systems shares fell below their 200-day moving average, trading as low as C$13.13 and last at C$13.39, compared with the average of C$13.46.
• Analyst sentiment is mostly cautious: one analyst rates the stock Buy and three rate it Hold. The consensus price target is C$16.33.
• The company pays an annualized dividend of C$0.52 per share, yielding about 3.9%; its latest reported quarterly earnings were C$0.18 per share on C$100.78 million in revenue.

Pason Systems Inc. (TSE:PSI - Get Free Report) crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of C$13.46 and traded as low as C$13.13. Pason Systems shares last traded at C$13.39, with a volume of 257,053 shares traded.

Wall Street Analyst Weigh In

PSI has been the subject of a number of research reports. National Bank Financial upped their price objective on Pason Systems from C$15.50 to C$17.00 and gave the stock a "sector perform" rating in a report on Monday, October 26th. TD lowered Pason Systems from a "buy" rating to a "hold" rating and set a C$15.00 target price for the company. in a research note on Tuesday, October 20th. Royal Bank Of Canada lifted their target price on shares of Pason Systems from C$16.00 to C$17.00 and gave the company an "outperform" rating in a research note on Wednesday, August 12th. Finally, TD Securities lowered Pason Systems from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 20th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of C$16.33.

Pason Systems Trading Down 0.7%

The company has a market capitalization of C$1.04 billion, a PE ratio of 21.60, a P/E/G ratio of 10.78 and a beta of 0.65. The business has a fifty day moving average price of C$14.31 and a 200 day moving average price of C$13.46. The company has a debt-to-equity ratio of 5.51, a quick ratio of 3.54 and a current ratio of 2.29.

Pason Systems (TSE:PSI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C$0.18 earnings per share (EPS) for the quarter. Pason Systems had a return on equity of 9.71% and a net margin of 11.53%. The business had revenue of C$100.78 million for the quarter. Analysts expect that Pason Systems Inc. will post 1.23 EPS for the current fiscal year.

Pason Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, September 15th. Pason Systems's dividend payout ratio (DPR) is presently 83.87%.

Insider Transactions at Pason Systems

In other news, insider Russell Smith sold 7,500 shares of the company's stock in a transaction on Monday, September 28th. The shares were sold at an average price of C$13.79, for a total value of C$103,425.00. Also, insider Bryce Mclean sold 2,777 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of C$14.48, for a total value of C$40,210.96. Following the transaction, the insider directly owned 9,376 shares of the company's stock, valued at approximately C$135,764.48. The trade was a 22.85% decrease in their ownership of the stock. Insiders sold 100,191 shares of company stock valued at $1,455,400 in the last quarter. 0.13% of the stock is owned by company insiders.

About Pason Systems

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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