Pason Systems (TSE:PSI) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Pason Systems Inc. (TSE:PSI) passed 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 traded.

Analyst Upgrades and Downgrades

PSI has been the subject of a number of recent research reports. National Bankshares cut their price objective on 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. TD Securities dropped their price target on shares of Pason Systems from C$20.00 to C$18.00 and set a “buy” rating for the company in a research report on Tuesday, October 8th. Finally, BMO Capital Markets reduced their price objective on shares of Pason Systems from C$21.00 to C$18.00 in a research note on Friday, October 4th.

Pason Systems Trading Up 2.8 %

The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.54 and a current ratio of 2.62. The company has a market capitalization of C$1.13 billion, a PE ratio of 9.81, a PEG ratio of 10.78 and a beta of 1.58. The stock has a fifty day moving average of C$14.04 and a 200 day moving average of C$14.94.

Pason Systems Dividend Announcement

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 dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Tuesday, December 17th. Pason Systems’s dividend payout ratio (DPR) is presently 35.86%.

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.