Pason Systems (TSE:PSI) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Pason Systems Inc. (TSE:PSI)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$13.03 and traded as low as C$12.85. Pason Systems shares last traded at C$13.13, with a volume of 170,214 shares.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. TD Securities upgraded Pason Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. TD cut their target price on Pason Systems from C$18.00 to C$15.00 and set a “hold” rating for the company in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$14.83.

Pason Systems Price Performance

The company has a quick ratio of 3.54, a current ratio of 2.11 and a debt-to-equity ratio of 5.79. The stock has a market capitalization of C$1.02 billion, a price-to-earnings ratio of 21.88, a P/E/G ratio of 10.78 and a beta of 0.46. The business’s 50 day simple moving average is C$13.38 and its 200-day simple moving average is C$13.03.

Pason Systems (TSE:PSI) last issued its earnings results on Thursday, May 7th. The company reported C$0.17 EPS for the quarter. Pason Systems had a net margin of 11.31% and a return on equity of 9.49%. The company had revenue of C$102.44 million during the quarter. On average, research analysts forecast that Pason Systems Inc. will post 1.229765 earnings per share for the current year.

Pason Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, June 16th. Pason Systems’s dividend payout ratio (DPR) is 86.67%.

Insider Buying and Selling at Pason Systems

In other Pason Systems news, insider Bryce Mclean sold 8,410 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of C$14.50, for a total value of C$121,945.00. Following the sale, the insider owned 8,853 shares of the company’s stock, valued at approximately C$128,368.50. This trade represents a 48.72% decrease in their position. Also, insider Kevin Boston sold 2,000 shares of the firm’s stock in a transaction 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 completion of the sale, the insider directly owned 7,300 shares in the company, valued at approximately C$107,602. This represents a 21.51% decrease in their position. Over the last quarter, insiders sold 57,210 shares of company stock valued at $831,411. 0.13% of the stock is currently owned by insiders.

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.