Pason Systems (TSE:PSI) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Pason Systems Inc. (TSE:PSI)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.04 and traded as high as C$12.86. Pason Systems shares last traded at C$12.35, with a volume of 500,119 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial cut their target price on shares of Pason Systems from C$17.00 to C$15.50 and set a “sector perform” rating for the company in a research report on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Pason Systems presently has an average rating of “Hold” and a consensus price target of C$14.17.

Pason Systems Price Performance

The firm has a market capitalization of C$962.11 million, a P/E ratio of 15.83, a PEG ratio of 10.78 and a beta of 0.74. The business’s 50-day simple moving average is C$12.31 and its 200 day simple moving average is C$12.04. The company has a quick ratio of 3.54, a current ratio of 2.59 and a debt-to-equity ratio of 3.19.

Pason Systems (TSE:PSI) last announced its quarterly earnings data on Thursday, February 26th. The company reported C$0.10 earnings per share for the quarter. Pason Systems had a net margin of 28.28% and a return on equity of 24.64%. The firm had revenue of C$108.71 million during the quarter. Sell-side analysts forecast that Pason Systems Inc. will post 1.229765 earnings per share for the current year.

Pason Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 4.2%. The ex-dividend date was Wednesday, December 17th. Pason Systems’s dividend payout ratio is presently 66.67%.

Pason Systems Company Profile

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.