Pason Systems (TSE:PSI) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Pason Systems Inc. (TSE:PSI)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$11.93 and traded as low as C$11.89. Pason Systems shares last traded at C$12.02, with a volume of 181,055 shares.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PSI. National Bankshares lowered their price target on Pason Systems from C$17.00 to C$15.50 and set a “sector perform” rating on the stock in a research note on Friday, January 9th. Royal Bank Of Canada decreased their price objective on Pason Systems from C$16.00 to C$14.00 and set an “outperform” rating on the stock in a report on Thursday, October 9th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Pason Systems currently has a consensus rating of “Hold” and a consensus target price of C$14.17.

Pason Systems Stock Down 1.1%

The company has a quick ratio of 3.54, a current ratio of 2.59 and a debt-to-equity ratio of 3.19. The firm has a market capitalization of C$936.41 million, a PE ratio of 15.41, a price-to-earnings-growth ratio of 10.78 and a beta of 0.67. The business has a 50-day moving average price of C$12.05 and a 200-day moving average price of C$11.93.

Pason Systems (TSE:PSI) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.16 EPS for the quarter. The firm had revenue of C$100.96 million for the quarter. Pason Systems had a return on equity of 24.64% and a net margin of 28.28%. Equities research analysts forecast that Pason Systems Inc. will post 1.229765 earnings per share for the current fiscal year.

Pason Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.3%. Pason Systems’s dividend payout ratio is currently 66.67%.

About Pason Systems

Pason Systems Inc is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company’s primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. Other product offerings include wellbore detection solutions, wellsite communications and bandwidth, wellbore gas analyzers, and software for data management.