Pason Systems (TSE:PSI) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Pason Systems Inc. (TSE:PSIGet 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

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 stock’s 50 day simple moving average is C$11.77 and its two-hundred day simple moving average is C$12.80. The stock has a market cap of C$1.01 billion, a price-to-earnings ratio of 8.92, a P/E/G ratio of 10.78 and a beta of 1.58.

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

(Get Free Report)

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.

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