Pason Systems Inc. (TSE:PSI – Get Free Report)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$12.80 and traded as high as C$13.04. Pason Systems shares last traded at C$12.64, with a volume of 144,530 shares.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the stock. TD Securities lowered their price objective on shares of Pason Systems from C$16.00 to C$13.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Royal Bank Of Canada lowered their price objective on shares of Pason Systems from C$18.00 to C$16.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th.
View Our Latest Stock Report on Pason Systems
Pason Systems Price Performance
Pason Systems Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.13 per share. The ex-dividend date is Monday, June 16th. This represents a $0.52 dividend on an annualized basis and a yield of 4.11%. Pason Systems’s dividend payout ratio is currently 36.70%.
Insiders Place Their Bets
In other Pason Systems news, Senior Officer Ryan Van Beurden sold 5,000 shares of Pason Systems stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of C$11.87, for a total transaction of C$59,350.00. Also, Senior Officer Lars Olesen sold 2,200 shares of Pason Systems stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of C$12.02, for a total value of C$26,444.00. Insiders have sold 24,900 shares of company stock worth $303,440 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.
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.
Read More
- Five stocks we like better than Pason Systems
- Most active stocks: Dollar volume vs share volume
- Chime’s Smart IPO: Half the Valuation, Double the Strength
- How to Most Effectively Use the MarketBeat Earnings Screener
- Why Quantum Computing Inc. Is the Quiet Winner in Quantum Stocks
- How to Use the MarketBeat Excel Dividend Calculator
- 3 Catalysts in 7 Days: Archer’s Growth Story Just Accelerated
Receive News & Ratings for Pason Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pason Systems and related companies with MarketBeat.com's FREE daily email newsletter.