Pason Systems (TSE:PSI) Stock Passes Below 200 Day Moving Average – Should You Sell?

Pason Systems Inc. (TSE:PSI)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$12.00 and traded as low as C$11.93. Pason Systems shares last traded at C$12.00, with a volume of 187,596 shares trading hands.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada cut their price target on shares of Pason Systems from C$16.00 to C$14.00 and set an “outperform” rating on the stock in a research note on Thursday, October 9th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Pason Systems presently has a consensus rating of “Moderate Buy” and an average target price of C$13.50.

Pason Systems Trading Up 0.3%

The company has a quick ratio of 3.54, a current ratio of 2.59 and a debt-to-equity ratio of 3.19. The firm has a market cap of C$934.85 million, a PE ratio of 15.38, a P/E/G ratio of 10.78 and a beta of 0.59. The company’s fifty day moving average price is C$12.05 and its two-hundred day moving average price is C$12.00.

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

Pason Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, December 17th. Pason Systems’s dividend payout ratio (DPR) is presently 66.67%.

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.