Pason Systems (OTCMKTS:PSYTF) Trading Down 0.1% – Should You Sell?

Pason Systems Inc. (OTCMKTS:PSYTF) shares were down 0.1% during trading on Wednesday . The company traded as low as $9.0040 and last traded at $9.0220. Approximately 51,544 shares traded hands during trading, an increase of 82% from the average session volume of 28,270 shares. The stock had previously closed at $9.03.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. TD Securities raised Pason Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, May 5th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Pason Systems in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Pason Systems currently has an average rating of “Buy”.

Pason Systems Price Performance

The business’s 50-day moving average is $9.43 and its two-hundred day moving average is $9.45.

About Pason Systems

Pason Systems Inc is a Calgary-based provider of data management, automation and software solutions for drilling operations in the oil and gas industry. Since its founding in 1975, the company has developed a suite of instrumentation and data analytics products designed to enhance the safety, efficiency and performance of drilling rigs. Pason’s core offering includes real-time data acquisition systems that collect and transmit drilling parameters such as rate of penetration, torque, hookload and mud flow, enabling operators to make informed decisions on the rig floor and in remote monitoring centers.

The company’s technology platform integrates hardware, software and communications services to deliver comprehensive wellsite data management.