Pason Systems (TSE:PSI) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Pason Systems Inc. (TSE:PSI)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$15.47 and traded as high as C$15.47. Pason Systems shares last traded at C$15.03, with a volume of 219,065 shares traded.

Analyst Ratings Changes

PSI has been the subject of a number of research analyst reports. Barclays reduced their price target on shares of Pason Systems from C$15.00 to C$13.00 in a research note on Thursday, August 15th. BMO Capital Markets cut their target price on shares of Pason Systems from C$21.00 to C$18.00 in a research note on Friday, October 4th. Finally, TD Securities cut their target price on shares of Pason Systems from C$20.00 to C$18.00 and set a “buy” rating for the company in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$17.50.

Pason Systems Trading Up 2.0 %

The company has a current ratio of 2.62, a quick ratio of 3.54 and a debt-to-equity ratio of 3.41. The firm has a market cap of C$1.20 billion, a PE ratio of 10.37, a P/E/G ratio of 10.78 and a beta of 1.58. The company’s 50-day moving average is C$13.79 and its 200 day moving average is C$15.47.

Pason Systems (TSE:PSI) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.14 EPS for the quarter. The business had revenue of C$95.86 million during the quarter, compared to the consensus estimate of C$90.20 million. Pason Systems had a net margin of 30.14% and a return on equity of 26.63%. As a group, sell-side analysts predict that Pason Systems Inc. will post 1.229765 EPS for the current year.

Pason Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were given a $0.13 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.52 annualized dividend and a dividend yield of 3.46%. Pason Systems’s dividend payout ratio (DPR) is presently 35.86%.

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.