Pason Systems (OTCMKTS:PSYTF) Shares Down 0.4% – What’s Next?

Shares of Pason Systems Inc. (OTCMKTS:PSYTF) dropped 0.4% during trading 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.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PSYTF. Royal Bank Of Canada restated an “outperform” rating on shares of Pason Systems in a research report on Wednesday, August 12th. TD Securities lowered Pason Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, October 20th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Pason Systems Price Performance

The company’s 50 day simple moving average is $10.17 and its 200-day simple moving average is $9.63.

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.