Pason Systems (TSE:PSI) Stock Price Crosses Above Two Hundred Day Moving Average of $14.81

Pason Systems Inc. (TSE:PSI) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus upped their price objective on shares of 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 boosted their target price on Pason Systems from C$18.00 to C$20.00 in a research note on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Pason Systems presently has an average rating of “Moderate Buy” and an average price target of C$18.50.

Pason Systems Trading Down 1.2 %

The firm has a market cap of C$1.25 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 10.78 and a beta of 1.69. The company has a quick ratio of 3.54, a current ratio of 4.84 and a debt-to-equity ratio of 3.24. The firm’s 50-day simple moving average is C$15.27 and its 200 day simple moving average is C$14.81.

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

Pason Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Friday, June 14th. Pason Systems’s dividend payout ratio is 42.98%.

Insiders Place Their Bets

In other Pason Systems news, Senior Officer Russell Smith sold 7,000 shares of Pason Systems stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of C$15.30, for a total value of C$107,100.00. Insiders own 0.31% of the company’s stock.

Pason Systems Company Profile

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.