Pason Systems (OTCMKTS:PSYTF) Shares Down 0.2% – Here’s What Happened

Shares of Pason Systems Inc. (OTCMKTS:PSYTF) were down 0.2% on Monday . The company traded as low as $8.69 and last traded at $8.69. Approximately 1,141 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 18,916 shares. The stock had previously closed at $8.71.

Wall Street Analysts Forecast Growth

Separately, TD Securities lowered shares of Pason Systems from a “buy” rating to a “hold” rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Pason Systems Stock Performance

The firm’s 50 day moving average price is $8.52 and its 200-day moving average price is $8.67.

About Pason Systems

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.