Pason Systems (TSE:PSI) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Pason Systems Inc. (TSE:PSI) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$11.93 and traded as low as C$11.89. Pason Systems shares last traded at C$12.02, with a volume of 181,055 shares.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PSI. Royal Bank Of Canada decreased their price objective 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. National Bankshares decreased their price target on Pason Systems from C$17.00 to C$15.50 and set a “sector perform” rating on the stock in a research note on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$14.17.

Pason Systems Price Performance

The company has a debt-to-equity ratio of 3.19, a current ratio of 2.59 and a quick ratio of 3.54. The firm has a market capitalization of C$936.41 million, a price-to-earnings ratio of 15.41, a PEG ratio of 10.78 and a beta of 0.67. The stock has a 50 day moving average price of C$12.05 and a two-hundred day moving average price of C$11.93.

Pason Systems (TSE:PSI) last posted 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 during the quarter. Pason Systems had a net margin of 28.28% and a return on equity of 24.64%. As a group, analysts expect that Pason Systems Inc. will post 1.229765 EPS for the current year.

Pason Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was 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.