Pason Systems (TSE:PSI) Stock Price Crosses Above Two Hundred Day Moving Average of $14.52

Pason Systems Inc. (TSE:PSIGet Rating)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$14.52 and traded as high as C$16.06. Pason Systems shares last traded at C$15.92, with a volume of 69,618 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Barclays lifted their target price on shares of Pason Systems from C$14.00 to C$15.00 in a research report on Wednesday, November 9th. National Bankshares lifted their target price on shares of Pason Systems from C$19.00 to C$20.00 and gave the company a “sector perform” rating in a research report on Friday, November 4th. Finally, BMO Capital Markets lifted their price target on shares of Pason Systems from C$23.00 to C$24.00 in a research note on Thursday, November 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$19.58.

Pason Systems Price Performance

The stock has a market capitalization of C$1.30 billion and a PE ratio of 15.92. The firm’s 50 day simple moving average is C$14.09 and its 200 day simple moving average is C$14.52. The company has a debt-to-equity ratio of 1.64, a current ratio of 3.83 and a quick ratio of 3.54.

Pason Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, December 31st. Investors of record on Thursday, December 15th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.02%. This is an increase from Pason Systems’s previous quarterly dividend of $0.08. The ex-dividend date is Wednesday, December 14th. Pason Systems’s payout ratio is presently 29.00%.

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.

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