Pason Systems Inc. (TSE:PSI - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$15.47 and traded as high as C$15.47. Pason Systems shares last traded at C$15.03, with a volume of 219,065 shares.
Wall Street Analyst Weigh In
Several research firms have recently commented on PSI. TD Securities dropped their price objective on shares of Pason Systems from C$20.00 to C$18.00 and set a "buy" rating for the company in a research note on Tuesday, October 8th. Barclays reduced their price objective on Pason Systems from C$15.00 to C$13.00 in a research report on Thursday, August 15th. Finally, BMO Capital Markets dropped their price objective on Pason Systems from C$21.00 to C$18.00 in a research report on Friday, October 4th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$17.50.
View Our Latest Report on Pason Systems
Pason Systems Price Performance
The company has a 50 day simple moving average of C$13.79 and a 200 day simple moving average of C$15.47. The company has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 10.37, a price-to-earnings-growth ratio of 10.78 and a beta of 1.58. The company has a quick ratio of 3.54, a current ratio of 2.62 and a debt-to-equity ratio of 3.41.
Pason Systems (TSE:PSI - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.14 earnings per share (EPS) for the quarter. Pason Systems had a net margin of 30.14% and a return on equity of 26.63%. The company had revenue of C$95.86 million during the quarter, compared to analyst estimates of C$90.20 million. As a group, research analysts predict that Pason Systems Inc. will post 1.229765 EPS for the current year.
Pason Systems Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Tuesday, December 17th. Pason Systems's dividend payout ratio is presently 35.86%.
About Pason Systems
(
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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.
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