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

Pason Systems Inc. (TSE:PSI) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.00 and traded as high as C$12.84. Pason Systems shares last traded at C$12.79, with a volume of 170,143 shares.

Analysts Set New Price Targets

Separately, National Bank Financial decreased their target price 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. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$14.17.

Pason Systems Price Performance

The company’s fifty day moving average is C$12.22 and its two-hundred day moving average is C$12.00. The firm has a market cap of C$996.39 million, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 10.78 and a beta of 0.74. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, December 17th. This represents a $0.52 dividend on an annualized basis and a yield of 4.1%. Pason Systems’s payout ratio is currently 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.