Pason Systems (TSE:PSI) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Pason Systems Inc. (TSE:PSI) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.04 and traded as high as C$12.86. Pason Systems shares last traded at C$12.35, with a volume of 500,119 shares changing hands.

Analysts Set New Price Targets

Separately, National Bank Financial decreased their price target on Pason Systems from C$17.00 to C$15.50 and set a “sector perform” rating on the stock in a research note on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Pason Systems presently has an average rating of “Hold” and a consensus price target of C$14.17.

Pason Systems Trading Down 4.9%

The company has a debt-to-equity ratio of 3.19, a current ratio of 2.59 and a quick ratio of 3.54. The firm’s 50 day moving average price is C$12.31 and its 200 day moving average price is C$12.04. The stock has a market capitalization of C$962.11 million, a P/E ratio of 15.83, a P/E/G ratio of 10.78 and a beta of 0.74.

Pason Systems (TSE:PSI) last announced its quarterly earnings results on Thursday, February 26th. The company reported C$0.10 earnings per share (EPS) for the quarter. The company had revenue of C$108.71 million for the quarter. Pason Systems had a return on equity of 24.64% and a net margin of 28.28%. As a group, equities research analysts expect that Pason Systems Inc. will post 1.229765 earnings per share for the current fiscal year.

Pason Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Wednesday, December 17th. Pason Systems’s dividend payout ratio is currently 66.67%.

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.