Pason Systems (OTCMKTS:PSYTF) Shares Up 3% – Time to Buy?

Shares of Pason Systems Inc. (OTCMKTS:PSYTFGet Free Report) traded up 3% on Wednesday . The stock traded as high as $8.90 and last traded at $8.90. 22,202 shares were traded during trading, a decline of 0% from the average session volume of 22,312 shares. The stock had previously closed at $8.64.

Analyst Ratings Changes

Separately, TD Securities cut Pason Systems from a “buy” rating to a “hold” rating in a research note on Friday, July 18th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Pason Systems currently has a consensus rating of “Hold”.

Check Out Our Latest Stock Analysis on PSYTF

Pason Systems Price Performance

The firm has a 50-day moving average of $8.54 and a 200-day moving average of $8.66.

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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