Pason Systems Inc. (TSE:PSI) was downgraded by investment analysts at GMP Securities from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Separately, AltaCorp Capital restated a “sector perform” rating on shares of Pason Systems in a research report on Monday, July 11th.

Pason Systems (TSE:PSI) traded down 1.99% during mid-day trading on Tuesday, reaching $16.78. The company had a trading volume of 81,521 shares. The stock’s 50-day moving average is $17.25 and its 200 day moving average is $17.39. The firm’s market capitalization is $1.41 billion. Pason Systems has a 12 month low of $14.46 and a 12 month high of $21.41.

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In other Pason Systems news, insider Ronald Dudar sold 2,400 shares of the business’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of C$19.25, for a total transaction of C$46,200.00. Also, insider Marcel Kessler purchased 3,000 shares of Pason Systems stock in a transaction on Thursday, September 8th. The shares were acquired at an average price of C$17.64 per share, with a total value of C$52,920.00.

About Pason Systems

Pason Systems Inc is a provider of data management systems for drilling rigs. The Company offers solutions, which include data acquisition, wellsite reporting, remote communications, and Web-based information management, enables collaboration between the rig and the office. It operates through three geographic segments: Canada, the United States, and International (Latin America, Offshore, the Eastern Hemisphere and the Middle East).

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