Pason Systems (TSE:PSI) Shares Cross Below 200 Day Moving Average – Time to Sell?

Shares of Pason Systems Inc. (TSE:PSI) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$12.96 and traded as low as C$12.16. Pason Systems shares last traded at C$12.33, with a volume of 231,767 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. TD Securities upgraded Pason Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. TD upgraded Pason Systems from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$13.00 to C$18.00 in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$15.12.

Pason Systems Price Performance

The company has a market capitalization of C$956.09 million, a PE ratio of 20.55, a PEG ratio of 10.78 and a beta of 0.38. The firm has a fifty day moving average of C$13.72 and a two-hundred day moving average of C$12.96. The company has a current ratio of 2.11, a quick ratio of 3.54 and a debt-to-equity ratio of 5.79.

Pason Systems (TSE:PSI) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.17 EPS for the quarter. Pason Systems had a return on equity of 9.49% and a net margin of 11.31%.The business had revenue of C$102.44 million for the quarter. Research analysts anticipate that Pason Systems Inc. will post 1.229765 EPS for the current fiscal year.

Pason Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were issued a $0.13 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $0.52 annualized dividend and a dividend yield of 4.2%. Pason Systems’s dividend payout ratio (DPR) is currently 86.67%.

Insider Transactions at Pason Systems

In related news, insider Russell Smith sold 13,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of C$14.66, for a total transaction of C$190,580.00. Following the transaction, the insider owned 8,000 shares in the company, valued at C$117,280. The trade was a 61.90% decrease in their position. Also, insider Kevin Boston sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of C$14.74, for a total value of C$29,480.00. Following the transaction, the insider directly owned 7,300 shares of the company’s stock, valued at C$107,602. The trade was a 21.51% decrease in their position. In the last three months, insiders have sold 57,210 shares of company stock valued at $831,411. Company insiders own 0.13% of the company’s stock.

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.