Pason Systems (TSE:PSI) Shares Cross Below 200 Day Moving Average – Time to Sell?

Pason Systems Inc. (TSE:PSI) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$13.03 and traded as low as C$12.85. Pason Systems shares last traded at C$13.13, with a volume of 170,214 shares.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PSI. TD dropped their target price on shares of Pason Systems from C$18.00 to C$15.00 and set a “hold” rating on the stock in a report on Monday, July 13th. TD Securities raised Pason Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Pason Systems has an average rating of “Moderate Buy” and a consensus target price of C$14.83.

Pason Systems Stock Performance

The firm has a market cap of C$1.03 billion, a P/E ratio of 22.12, a PEG ratio of 10.78 and a beta of 0.46. The company has a current ratio of 2.11, a quick ratio of 3.54 and a debt-to-equity ratio of 5.79. The company’s 50-day moving average is C$13.37 and its two-hundred day moving average is C$13.03.

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

Pason Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were issued a dividend of $0.13 per share. The ex-dividend date was Tuesday, June 16th. This represents a $0.52 annualized dividend and a yield of 3.9%. Pason Systems’s dividend payout ratio is 86.67%.

Insiders Place Their Bets

In other news, insider Ryan Van Beurden sold 15,000 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of C$14.49, for a total value of C$217,350.00. Following the completion of the sale, the insider owned 11,000 shares in the company, valued at C$159,390. This represents a 57.69% decrease in their position. Also, insider Russell Smith sold 13,000 shares of the company’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 sale, the insider owned 8,000 shares of the company’s stock, valued at approximately C$117,280. The trade was a 61.90% decrease in their position. Insiders sold a total of 57,210 shares of company stock worth $831,411 in the last three months. 0.13% of the stock is owned by corporate insiders.

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.