Pason Systems (TSE:PSI) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Pason Systems Inc. (TSE:PSI)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$11.97 and traded as high as C$12.41. Pason Systems shares last traded at C$12.28, with a volume of 70,413 shares changing hands.

Analysts Set New Price Targets

Several analysts have recently commented on PSI shares. National Bankshares decreased their price objective on shares of Pason Systems from C$17.00 to C$15.50 and set a “sector perform” rating on the stock in a research report on Friday, January 9th. Royal Bank Of Canada cut their price target on Pason Systems from C$16.00 to C$14.00 and set an “outperform” rating for the company in a research note on Thursday, October 9th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Pason Systems has a consensus rating of “Hold” and a consensus price target of C$14.17.

Pason Systems Price Performance

The firm has a market cap of C$956.66 million, a P/E ratio of 15.74, a P/E/G ratio of 10.78 and a beta of 0.67. The firm’s fifty day simple moving average is C$12.05 and its 200 day simple moving average is C$11.96. The company has a debt-to-equity ratio of 3.19, a quick ratio of 3.54 and a current ratio of 2.59.

Pason Systems (TSE:PSI) last posted its earnings results on Thursday, November 6th. The company reported C$0.16 EPS for the quarter. Pason Systems had a return on equity of 24.64% and a net margin of 28.28%.The company had revenue of C$100.96 million for the quarter. As a group, 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 announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.2%. Pason Systems’s dividend payout ratio (DPR) is 66.67%.

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.