Pason Systems (TSE:PSI) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Pason Systems Inc. (TSE:PSI) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$11.98 and traded as low as C$11.55. Pason Systems shares last traded at C$11.57, with a volume of 315,940 shares.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada dropped 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 research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.50.

Pason Systems Trading Down 3.2%

The company’s 50 day moving average price is C$12.05 and its 200 day moving average price is C$11.98. The company has a market cap of C$901.35 million, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 10.78 and a beta of 0.67. The company has a debt-to-equity ratio of 3.19, a quick ratio of 3.54 and a current ratio of 2.59.

Pason Systems (TSE:PSI) last released its quarterly earnings data on Thursday, November 6th. The company reported C$0.16 earnings per share (EPS) for the quarter. The business had revenue of C$100.96 million during the quarter. Pason Systems had a net margin of 28.28% and a return on equity of 24.64%. Research analysts anticipate 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 Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Wednesday, December 17th. Pason Systems’s dividend payout ratio is 66.67%.

Pason Systems Company Profile

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.