Pason Systems (TSE:PSI) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Pason Systems Inc. (TSE:PSI)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.94 and traded as low as C$13.95. Pason Systems shares last traded at C$14.23, with a volume of 136,904 shares changing hands.

Wall Street Analysts Forecast Growth

PSI has been the subject of several research reports. TD Securities lowered their price target on shares of Pason Systems from C$20.00 to C$18.00 and set a “buy” rating for the company in a research report on Tuesday, October 8th. National Bankshares lowered their target price on Pason Systems from C$20.00 to C$19.50 and set a “sector perform” rating for the company in a report on Thursday, December 19th. Finally, BMO Capital Markets cut their price target on Pason Systems from C$21.00 to C$18.00 in a report on Friday, October 4th.

Pason Systems Trading Up 2.8 %

The company’s 50 day simple moving average is C$14.04 and its two-hundred day simple moving average is C$14.93. The company has a quick ratio of 3.54, a current ratio of 2.62 and a debt-to-equity ratio of 3.41. The company has a market capitalization of C$1.13 billion, a price-to-earnings ratio of 9.81, a P/E/G ratio of 10.78 and a beta of 1.58.

Pason Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.65%. Pason Systems’s payout ratio is 35.86%.

About Pason Systems

Pason Systems Inc, together with its subsidiaries, provides instrumentation and data management systems for drilling rigs in Canada, the United States, and internationally. The company provides Electronic Drilling Recorder, which provides real-time drilling data to rig site personnel; DataHub with Pason Live, which is used as the central repository for data and reports captured at the rigs for real-time; and DataLink that provides automated in-house databases, third-party analytics platforms, remote geosteering, and other remote services.