Pason Systems (TSE:PSI) Stock Price Crosses Below 200 Day Moving Average - Time to Sell?

Pason Systems Inc. (TSE:PSI - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.94 and traded as low as C$13.95. Pason Systems shares last traded at C$14.23, with a volume of 136,904 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PSI. TD Securities lowered their price objective on shares of Pason Systems from C$20.00 to C$18.00 and set a "buy" rating on the stock in a report on Tuesday, October 8th. BMO Capital Markets lowered their price target on shares of Pason Systems from C$21.00 to C$18.00 in a research note on Friday, October 4th. Finally, National Bankshares reduced their price objective on shares of Pason Systems from C$20.00 to C$19.50 and set a "sector perform" rating for the company in a research note on Thursday, December 19th.

Pason Systems Price Performance

The company has a current ratio of 2.62, a quick ratio of 3.54 and a debt-to-equity ratio of 3.41. The firm has a market capitalization of C$1.13 billion, a price-to-earnings ratio of 9.81, a P/E/G ratio of 10.78 and a beta of 1.58. The company's 50 day moving average is C$14.04 and its 200-day moving average is C$14.94.

Pason Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a $0.13 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $0.52 annualized dividend and a dividend yield of 3.65%. Pason Systems's dividend payout ratio is currently 35.86%.

Pason Systems Company Profile

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.