Celine Boston Sells 5,000 Shares of Pason Systems Inc. (TSE:PSI) Stock

Pason Systems Inc. (TSE:PSI) Senior Officer Celine Boston sold 5,000 shares of the business’s stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of C$12.75, for a total transaction of C$63,750.00.

Pason Systems Stock Performance

Shares of Pason Systems stock opened at C$12.82 on Friday. Pason Systems Inc. has a one year low of C$10.43 and a one year high of C$18.59. The company has a market cap of C$1.02 billion, a PE ratio of 9.05, a P/E/G ratio of 10.78 and a beta of 1.58. The company has a debt-to-equity ratio of 3.19, a quick ratio of 3.54 and a current ratio of 2.59. The business has a 50-day simple moving average of C$11.64 and a 200-day simple moving average of C$12.85.

Pason Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 30th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date is Monday, June 16th. Pason Systems’s dividend payout ratio is presently 36.70%.

Analysts Set New Price Targets

PSI has been the subject of a number of analyst reports. TD Securities lowered their price objective on Pason Systems from C$16.00 to C$13.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Royal Bank of Canada lowered their price objective on 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.

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.