Pason Systems (TSE:PSI) had its price objective upped by GMP Securities from C$19.00 to C$20.00 in a research report released on Thursday morning.

Separately, National Bank Financial lowered Pason Systems from an outperform rating to a sector perform rating and set a C$22.00 price objective for the company. in a research note on Wednesday, November 8th.

Shares of Pason Systems (TSE PSI) opened at C$18.71 on Thursday. The stock has a market capitalization of $1,590.00, a P/E ratio of 62.37 and a beta of 0.56. Pason Systems has a one year low of C$16.05 and a one year high of C$22.36.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Thursday, March 15th. Pason Systems’s payout ratio is 226.67%.

In related news, insider Timur Kuru acquired 30,000 shares of the stock in a transaction dated Friday, December 15th. The stock was acquired at an average cost of C$13.46 per share, with a total value of C$403,800.00. Insiders bought a total of 32,550 shares of company stock valued at $442,841 over the last ninety days.

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Pason Systems Company Profile

Pason Systems Inc is a Canada-based global provider of instrumentation and data management systems for drilling rigs. The Company’s geographical segments include Canada, the United States, and International. The International segment includes Latin America, Offshore, the Eastern Hemisphere, and the Middle East.

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