Pason Systems (TSE:PSI) Stock Passes Above 50-Day Moving Average – Time to Sell?

Pason Systems Inc. (TSE:PSI) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$12.78 and traded as high as C$13.23. Pason Systems shares last traded at C$13.06, with a volume of 420,847 shares.

Wall Street Analyst Weigh In

Separately, National Bank Financial decreased their target price 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 given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$14.17.

Pason Systems Trading Up 0.1%

The company has a 50 day moving average of C$12.83 and a 200-day moving average of C$12.30. The company has a debt-to-equity ratio of 10.90, a quick ratio of 3.54 and a current ratio of 1.98. The stock has a market cap of C$1.03 billion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 10.78 and a beta of 0.31.

Pason Systems (TSE:PSI) last posted its earnings results on Thursday, February 26th. The company reported C$0.10 earnings per share (EPS) for the quarter. The firm had revenue of C$108.71 million for the quarter. Pason Systems had a return on equity of 10.80% and a net margin of 12.68%. On average, research analysts anticipate that Pason Systems Inc. will post 1.229765 earnings per share for the current year.

Pason Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were given a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.52 dividend on an annualized basis and a yield of 3.9%. Pason Systems’s dividend payout ratio (DPR) is currently 76.47%.

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.