Pason Systems (TSE:PSI) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Pason Systems Inc. (TSE:PSI) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$12.05 and traded as high as C$12.31. Pason Systems shares last traded at C$12.26, with a volume of 184,290 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada dropped their target price on Pason Systems from C$16.00 to C$14.00 and set an “outperform” rating on the stock in a report on Thursday, October 9th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Pason Systems currently has a consensus rating of “Hold” and an average target price of C$15.50.

Pason Systems Price Performance

The firm has a market capitalization of C$956.57 million, a P/E ratio of 15.72, a PEG ratio of 10.78 and a beta of 0.59. 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 firm has a 50-day moving average of C$12.00 and a 200-day moving average of C$12.05.

Pason Systems (TSE:PSI) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.16 earnings per share for the quarter. The firm had revenue of C$100.96 million during the quarter. Pason Systems had a return on equity of 24.64% and a net margin of 28.28%. As a group, analysts predict that Pason Systems Inc. will post 1.229765 EPS for the current year.

Pason Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 29th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, September 15th. Pason Systems’s dividend payout ratio (DPR) is presently 66.67%.

Insider Buying and Selling at Pason Systems

In related news, insider Celine Boston sold 11,250 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of C$11.87, for a total transaction of C$133,537.50. Following the transaction, the insider owned 1,893 shares in the company, valued at C$22,469.91. This represents a 85.60% decrease in their ownership of the stock. 0.13% of the stock is owned by 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.