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

Pason Systems Inc. (TSE:PSI)’s stock price passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of C$14.27 and traded as high as C$14.47. Pason Systems shares last traded at C$14.33, with a volume of 151,917 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PSI shares. National Bank Financial lifted their price target on Pason Systems from C$15.50 to C$17.00 and gave the stock a “sector perform” rating in a research note on Monday. Royal Bank Of Canada raised their target price on shares of Pason Systems from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. TD Securities downgraded shares of Pason Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 20th. Finally, TD lowered shares of Pason Systems from a “buy” rating to a “hold” rating and set a C$15.00 price target on the stock. in a report on Tuesday, October 20th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$16.33.

Pason Systems Price Performance

The stock has a fifty day moving average price of C$14.27 and a 200-day moving average price of C$13.35. The company has a market cap of C$1.11 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 10.78 and a beta of 0.61. The company has a debt-to-equity ratio of 5.51, a current ratio of 2.29 and a quick ratio of 3.54.

Pason Systems (TSE:PSI) last issued its earnings results on Tuesday, August 11th. The company reported C$0.18 EPS for the quarter. Pason Systems had a return on equity of 9.71% and a net margin of 11.53%. The business had revenue of C$100.78 million during the quarter. On average, equities analysts expect that Pason Systems Inc. will post 1.23 earnings per share for the current year.

Pason Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, September 15th. Pason Systems’s dividend payout ratio is currently 83.87%.

Insider Activity

In other Pason Systems news, insider Jonathan Faber sold 45,000 shares of Pason Systems stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of C$14.55, for a total transaction of C$654,750.00. Following the transaction, the insider owned 42,000 shares of the company’s stock, valued at C$611,100. The trade was a 51.72% decrease in their position. Also, Director Kenneth Brandon Mullen bought 3,000 shares of the stock in a transaction on Wednesday, September 30th. The shares were acquired at an average cost of C$13.96 per share, for a total transaction of C$41,880.00. Following the purchase, the director owned 8,000 shares in the company, valued at approximately C$111,680. This represents a 60.00% increase in their ownership of the stock. In the last three months, insiders sold 100,191 shares of company stock worth $1,455,400. Corporate 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.