Pason Systems (OTCMKTS:PSYTF) Trading Down 0.1% – Time to Sell?

Pason Systems Inc. (OTCMKTS:PSYTF) shares dropped 0.1% during trading on Wednesday . The company traded as low as $9.0040 and last traded at $9.0220. 51,544 shares were traded during mid-day trading, an increase of 82% from the average session volume of 28,270 shares. The stock had previously closed at $9.03.

Wall Street Analyst Weigh In

Several analysts recently commented on PSYTF shares. TD Securities raised Pason Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, May 5th. BMO Capital Markets reissued an “outperform” rating on shares of Pason Systems in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Pason Systems Stock Performance

The firm’s fifty day simple moving average is $9.43 and its 200 day simple moving average is $9.45.

Pason Systems Company Profile

Pason Systems Inc is a Calgary-based provider of data management, automation and software solutions for drilling operations in the oil and gas industry. Since its founding in 1975, the company has developed a suite of instrumentation and data analytics products designed to enhance the safety, efficiency and performance of drilling rigs. Pason’s core offering includes real-time data acquisition systems that collect and transmit drilling parameters such as rate of penetration, torque, hookload and mud flow, enabling operators to make informed decisions on the rig floor and in remote monitoring centers.

The company’s technology platform integrates hardware, software and communications services to deliver comprehensive wellsite data management.