Pason Systems (TSE:PSI) Stock Passes Above 200-Day Moving Average – Here’s Why

Pason Systems Inc. (TSE:PSI) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.00 and traded as high as C$12.73. Pason Systems shares last traded at C$12.71, with a volume of 171,157 shares.

Analysts Set New Price Targets

Separately, National Bankshares decreased their price objective on Pason Systems from C$20.00 to C$19.50 and set a “sector perform” rating on the stock in a report on Thursday, December 19th.

Pason Systems Stock Performance

The company has a current ratio of 2.59, a quick ratio of 3.54 and a debt-to-equity ratio of 3.19. The stock has a market capitalization of C$1.00 billion, a PE ratio of 8.87, a price-to-earnings-growth ratio of 10.78 and a beta of 1.58. The firm’s fifty day moving average is C$13.51 and its 200-day moving average is C$13.79.

Pason Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.52 annualized dividend and a dividend yield of 4.14%. Pason Systems’s dividend payout ratio is currently 36.70%.

Pason Systems Company Profile

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.