National Bank Financial upgraded shares of Pason Systems Inc. (TSE:PSI) from a sector perform rating to an outperform rating in a report issued on Thursday.

Separately, GMP Securities downgraded Pason Systems from a buy rating to a hold rating in a research report on Tuesday, October 18th.

Shares of Pason Systems (TSE:PSI) opened at 15.92 on Thursday. The firm’s market cap is $1.34 billion. Pason Systems has a 52-week low of $14.46 and a 52-week high of $21.41. The company has a 50-day moving average of $16.29 and a 200 day moving average of $17.18.

In other Pason Systems news, insider Marcel Kessler bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The stock was bought at an average price of C$17.64 per share, for a total transaction of C$52,920.00. Also, insider Ronald Dudar sold 2,400 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of C$19.25, for a total value of C$46,200.00.

About Pason Systems

Pason Systems Inc is a provider of data management systems for drilling rigs. The Company offers solutions, which include data acquisition, wellsite reporting, remote communications, and Web-based information management, enables collaboration between the rig and the office. It operates through three geographic segments: Canada, the United States, and International (Latin America, Offshore, the Eastern Hemisphere and the Middle East).

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