Pason Systems (OTCMKTS:PSYTF) Shares Down 0.4% – Here’s Why

Pason Systems Inc. (OTCMKTS:PSYTF) fell 0.4% on Tuesday. The company traded as low as $10.19 and last traded at $10.19. 28,743 shares were traded during mid-day trading, a decline of 4% from the average session volume of 30,056 shares. The stock had previously closed at $10.23.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Pason Systems in a research report on Wednesday, August 12th. TD Securities cut Pason Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, October 20th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Pason Systems Stock Performance

The firm has a 50-day simple moving average of $10.17 and a two-hundred day simple moving average of $9.64.

Pason Systems Company Profile

Pason Systems Inc is a Canadian technology company that provides data-management and automation solutions for the energy industry, with a primary focus on oil and gas drilling operations. The company develops and supports systems that collect, transmit, display and analyze information from drilling rigs, helping operators improve operational visibility, safety and efficiency.

Its products and services include electronic drilling-recording systems, wellsite data acquisition and communications equipment, real-time monitoring tools, reporting applications and software for managing drilling information.