Pason Systems (TSE:PSI) Shares Pass Above 200-Day Moving Average of $14.81

Pason Systems Inc. (TSE:PSI) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.81 and traded as high as C$16.02. Pason Systems shares last traded at C$15.97, with a volume of 62,908 shares changing hands.

Analysts Set New Price Targets

PSI has been the subject of several recent research reports. Stifel Nicolaus boosted their price target on Pason Systems from C$16.00 to C$17.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. BMO Capital Markets upped their target price on Pason Systems from C$18.00 to C$20.00 in a research note on Tuesday, April 23rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$18.50.

Pason Systems Price Performance

The company has a debt-to-equity ratio of 3.24, a current ratio of 4.84 and a quick ratio of 3.54. The stock has a 50 day moving average price of C$15.27 and a two-hundred day moving average price of C$14.81. The firm has a market capitalization of C$1.27 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 10.78 and a beta of 1.69.

Pason Systems (TSE:PSI) last posted its earnings results on Wednesday, February 28th. The company reported C$0.11 earnings per share for the quarter. Pason Systems had a return on equity of 24.51% and a net margin of 26.41%. The business had revenue of C$93.30 million during the quarter, compared to the consensus estimate of C$86.65 million. As a group, analysts expect that Pason Systems Inc. will post 1.2858226 EPS for the current year.

Pason Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 29th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.26%. This is a boost from Pason Systems’s previous quarterly dividend of $0.12. Pason Systems’s dividend payout ratio is currently 42.98%.

Insider Activity at Pason Systems

In other Pason Systems news, Senior Officer Russell Smith sold 7,000 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of C$15.30, for a total transaction of C$107,100.00. 0.31% of the stock is owned by corporate insiders.

About Pason Systems

Pason Systems Inc, together with its subsidiaries, provides instrumentation and data management systems for drilling rigs in Canada, the United States, and internationally. The company provides Electronic Drilling Recorder, which provides real-time drilling data to rig site personnel; DataHub with Pason Live, which is used as the central repository for data and reports captured at the rigs for real-time; and DataLink that provides automated in-house databases, third-party analytics platforms, remote geosteering, and other remote services.