Pason Systems (TSE:PSI) Stock Rating Lowered by TD Securities

Pason Systems (TSE:PSIGet Free Report) was downgraded by TD Securities from a “buy” rating to a “hold” rating in a research note issued on Friday,BayStreet.CA reports. They presently have a C$13.00 price target on the stock. TD Securities’ price target would suggest a potential upside of 8.70% from the company’s previous close.

Separately, Royal Bank Of Canada dropped their target price on Pason Systems from C$18.00 to C$16.00 and set an “outperform” rating on the stock in a report on Thursday, April 17th.

View Our Latest Research Report on Pason Systems

Pason Systems Stock Down 2.4%

Shares of TSE:PSI opened at C$11.96 on Friday. The stock’s 50-day moving average price is C$12.36 and its two-hundred day moving average price is C$12.62. The firm has a market cap of C$952.05 million, a price-to-earnings ratio of 8.44, a PEG ratio of 10.78 and a beta of 1.58. The company has a current ratio of 2.59, a quick ratio of 3.54 and a debt-to-equity ratio of 3.19. Pason Systems has a 12-month low of C$10.43 and a 12-month high of C$17.74.

Insiders Place Their Bets

In related news, Senior Officer Ryan Van Beurden sold 5,000 shares of the business’s stock in a transaction that occurred 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 Celine Boston sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of C$12.75, for a total value of C$63,750.00. In the last ninety days, insiders sold 24,500 shares of company stock worth $298,172. Corporate insiders own 0.13% of the company’s stock.

About Pason Systems

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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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