Pason Systems (TSE:PSI) Price Target Lowered to C$19.50 at National Bankshares

Pason Systems (TSE:PSI) had its target price lowered by investment analysts at National Bankshares from C$20.00 to C$19.50 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 46.18% from the stock’s current price.

A number of other brokerages also recently issued reports on PSI. BMO Capital Markets decreased their price objective on Pason Systems from C$21.00 to C$18.00 in a research report on Friday, October 4th. 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.

Pason Systems Price Performance

Shares of Pason Systems stock opened at C$13.34 on Thursday. The company has a current ratio of 2.62, a quick ratio of 3.54 and a debt-to-equity ratio of 3.41. Pason Systems has a 12 month low of C$12.33 and a 12 month high of C$18.59. The stock has a 50 day moving average of C$14.14 and a 200 day moving average of C$15.18. The firm has a market cap of C$1.06 billion, a PE ratio of 9.20, a PEG ratio of 10.78 and a beta of 1.58.

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.