Pason Systems Inc. (TSE:PSI) Senior Officer Lars Olesen Sells 2,200 Shares

Pason Systems Inc. (TSE:PSI) Senior Officer Lars Olesen sold 2,200 shares of Pason Systems stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of C$12.02, for a total transaction of C$26,444.00.

Lars Olesen also recently made the following trade(s):

• On Monday, March 31st, Lars Olesen sold 400 shares of Pason Systems stock. The shares were sold at an average price of C$13.17, for a total transaction of C$5,268.00.

Pason Systems Stock Performance

PSI traded up C$0.12 during trading hours on Wednesday, hitting C$12.18. 46,459 shares of the stock were exchanged, compared to its average volume of 153,960. The stock has a 50-day simple moving average of C$11.76 and a 200-day simple moving average of C$13.02. Pason Systems Inc. has a 12 month low of C$10.43 and a 12 month high of C$18.59. The stock has a market cap of C$969.56 million, a price-to-earnings ratio of 8.60, a price-to-earnings-growth ratio of 10.78 and a beta of 1.58. The company has a debt-to-equity ratio of 3.19, a current ratio of 2.59 and a quick ratio of 3.54.

Pason Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend was Monday, March 17th. Pason Systems’s dividend payout ratio (DPR) is presently 36.70%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PSI. TD Securities dropped their price objective on shares of Pason Systems from C$16.00 to C$13.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada decreased their price target on shares of Pason Systems from C$18.00 to C$16.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th.

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.