Pason Systems (TSE:PSI) Hits New 1-Year Low - Here's Why

Pason Systems Inc. (TSE:PSI - Get Free Report)'s share price hit a new 52-week low during trading on Friday . The stock traded as low as C$12.32 and last traded at C$12.43, with a volume of 10379 shares. The stock had previously closed at C$12.89.

Analyst Upgrades and Downgrades

Separately, National Bankshares reduced their target price on Pason Systems from C$20.00 to C$19.50 and set a "sector perform" rating on the stock in a report on Thursday, December 19th.

Pason Systems Price Performance

The company has a market capitalization of C$983.89 million, a PE ratio of 8.72, a P/E/G ratio of 10.78 and a beta of 1.58. The company has a current ratio of 2.59, a quick ratio of 3.54 and a debt-to-equity ratio of 3.19. The stock's 50 day moving average is C$13.64.

Pason Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 4.21%. The ex-dividend date was Tuesday, December 17th. Pason Systems's dividend payout ratio is 36.70%.

About Pason Systems

Pason Systems Inc, together with its subsidiaries, provides instrumentation and data management systems for drilling rigs in Canada, the United States, and internationally. The company provides Electronic Drilling Recorder, which provides real-time drilling data to rig site personnel; DataHub with Pason Live, which is used as the central repository for data and reports captured at the rigs for real-time; and DataLink that provides automated in-house databases, third-party analytics platforms, remote geosteering, and other remote services.