Pulse Seismic (TSE:PSD) Hits New 52-Week High - Should You Buy?

Shares of Pulse Seismic Inc. (TSE:PSD - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$3.72 and last traded at C$3.43, with a volume of 18119 shares traded. The stock had previously closed at C$3.42.

Pulse Seismic Trading Down 1.1%

The company has a market cap of C$178.95 million, a price-to-earnings ratio of 16.46 and a beta of 0.68. The company has a current ratio of 3.85, a quick ratio of 7.28 and a debt-to-equity ratio of 1.25. The firm's 50-day moving average price is C$2.88 and its 200 day moving average price is C$2.60.

Pulse Seismic Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Tuesday, May 20th were given a $0.0175 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.07 annualized dividend and a yield of 1.99%. This is an increase from Pulse Seismic's previous quarterly dividend of $0.02. Pulse Seismic's dividend payout ratio (DPR) is presently 28.05%.

About Pulse Seismic

Pulse Seismic Inc is a Canadian company which acts as a provider of seismic data to the energy sector in western Canada. The company is engaged in the acquisition, marketing, and licensing of 2D and 3D seismic data to the energy sector. It offers the full suite of project management services including On-site professional project management, experienced cost estimation services, daily reporting to clients and detailed project cost tracking, procurement of subcontractors to ensure regulatory compliance, and others.