Pason Systems (TSE:PSI) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Pason Systems Inc. (TSE:PSI) passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of C$13.46 and traded as low as C$13.13. Pason Systems shares last traded at C$13.39, with a volume of 257,053 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. TD Securities downgraded Pason Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 20th. National Bank Financial raised their price target on shares of Pason Systems from C$15.50 to C$17.00 and gave the stock a “sector perform” rating in a research report on Monday, October 26th. TD lowered shares of Pason Systems from a “buy” rating to a “hold” rating and set a C$15.00 price target on the stock. in a research report on Tuesday, October 20th. Finally, Royal Bank Of Canada lifted their price objective on shares of Pason Systems from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Pason Systems presently has an average rating of “Hold” and a consensus target price of C$16.33.

Pason Systems Stock Performance

The stock has a 50 day simple moving average of C$14.31 and a 200 day simple moving average of C$13.46. The company has a current ratio of 2.29, a quick ratio of 3.54 and a debt-to-equity ratio of 5.51. The stock has a market cap of C$1.04 billion, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 10.78 and a beta of 0.65.

Pason Systems (TSE:PSI) last released its earnings results on Tuesday, August 11th. The company reported C$0.18 earnings per share (EPS) for the quarter. Pason Systems had a return on equity of 9.71% and a net margin of 11.53%. The company had revenue of C$100.78 million for the quarter. On average, equities analysts expect that Pason Systems Inc. will post 1.23 earnings per share for the current year.

Pason Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, September 15th. Pason Systems’s dividend payout ratio is 83.87%.

Insider Activity at Pason Systems

In other Pason Systems news, insider Jonathan Faber sold 45,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of C$14.55, for a total value of C$654,750.00. Following the completion of the transaction, the insider directly owned 42,000 shares in the company, valued at C$611,100. This represents a 51.72% decrease in their position. Also, insider Kevin Boston sold 2,714 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of C$14.74, for a total transaction of C$40,004.36. Following the transaction, the insider directly owned 7,300 shares of the company’s stock, valued at C$107,602. This trade represents a 27.10% decrease in their position. Insiders sold a total of 100,191 shares of company stock valued at $1,455,400 in the last three months. Corporate insiders own 0.13% of the company’s stock.

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.