Pason Systems (TSE:PSI) Share Price Passes Below Two Hundred Day Moving Average of $14.79

Pason Systems Inc. (TSE:PSIGet Rating) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.79 and traded as low as C$13.22. Pason Systems shares last traded at C$13.47, with a volume of 152,591 shares traded.

Analysts Set New Price Targets

Separately, Barclays lifted their price target on shares of Pason Systems from C$16.00 to C$17.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 11th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$19.58.

Pason Systems Stock Performance

The company has a current ratio of 4.32, a quick ratio of 4.13 and a debt-to-equity ratio of 1.94. The company’s 50-day simple moving average is C$14.13 and its 200-day simple moving average is C$14.79. The stock has a market capitalization of C$1.11 billion and a price-to-earnings ratio of 18.20.

Pason Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.38%. The ex-dividend date is Wednesday, September 14th. Pason Systems’s dividend payout ratio is presently 35.14%.

About Pason Systems

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Pason Systems Inc, an energy services and technology company, provides data management systems for drilling rigs in Canada, the United States, and internationally. The company offers Electronic Drilling Recorder, which monitors and records drilling operations around the rig; DataHub for storing data and information collected from the rig for on-demand retrieval; DataLink service provides direct connection interfaces for IT systems and analytics tools; Pason Live for monitoring rig operations in real-time using desktop computers or mobile devices; and daily and end-of-well KPI reports provide visual statistics on rig performance.

Further Reading

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