Pason Systems (TSE:PSI) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Pason Systems Inc. (TSE:PSI)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$12.96 and traded as low as C$12.16. Pason Systems shares last traded at C$12.33, with a volume of 231,767 shares traded.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PSI shares. TD raised Pason Systems from a “hold” rating to a “buy” rating and raised their price objective for the company from C$13.00 to C$18.00 in a research note on Tuesday, May 5th. TD Securities raised shares of Pason Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$15.12.

Pason Systems Stock Up 1.5%

The stock has a market capitalization of C$970.05 million, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 10.78 and a beta of 0.38. The company has a quick ratio of 3.54, a current ratio of 2.11 and a debt-to-equity ratio of 5.79. The stock has a 50 day moving average price of C$13.71 and a 200 day moving average price of C$12.96.

Pason Systems (TSE:PSI) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.17 earnings per share (EPS) for the quarter. Pason Systems had a return on equity of 9.49% and a net margin of 11.31%.The company had revenue of C$102.44 million during the quarter. As a group, analysts forecast that Pason Systems Inc. will post 1.229765 EPS for the current year.

Pason Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.52 annualized dividend and a dividend yield of 4.2%. Pason Systems’s dividend payout ratio (DPR) is presently 86.67%.

Insider Activity at Pason Systems

In related news, insider Russell Smith sold 13,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of C$14.66, for a total transaction of C$190,580.00. Following the completion of the transaction, the insider directly owned 8,000 shares of the company’s stock, valued at C$117,280. This trade represents a 61.90% decrease in their position. Also, insider Kevin Boston sold 2,000 shares of Pason Systems stock in a transaction dated Friday, May 29th. The stock was sold at an average price of C$14.74, for a total value of C$29,480.00. Following the transaction, the insider directly owned 7,300 shares in the company, valued at C$107,602. The trade was a 21.51% decrease in their ownership of the stock. Insiders have sold 57,210 shares of company stock valued at $831,411 in the last quarter. Insiders own 0.13% of the company’s stock.

Pason Systems Company Profile

Pason Systems Inc is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company’s primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. Other product offerings include wellbore detection solutions, wellsite communications and bandwidth, wellbore gas analyzers, and software for data management.