Pason Systems (PSYTF) Projected to Release Earnings on Thursday

Pason Systems (OTCMKTS:PSYTF) is expected to announce its resultson Thursday, November 5th. Analysts expect Pason Systems to announce earnings of $0.1709 per share and revenue of $78.43 million for the quarter.

Pason Systems Price Performance

Shares of PSYTF remained flat at $10.07 during trading hours on Tuesday. 33,408 shares of the stock traded hands, compared to its average volume of 30,091. Pason Systems has a 52 week low of $8.23 and a 52 week high of $11.33. The stock has a 50 day moving average price of $10.19 and a two-hundred day moving average price of $9.66.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PSYTF. Royal Bank Of Canada reiterated an “outperform” rating on shares of Pason Systems in a research note on Wednesday, August 12th. TD Securities lowered shares of Pason Systems from a “buy” rating to a “hold” rating in a report on Tuesday, October 20th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

About Pason Systems

Pason Systems Inc is a Canadian technology company that provides data-management and communications solutions for the oil and natural gas drilling industry. Its systems are designed to collect, manage and distribute wellsite information, helping drilling contractors and energy companies monitor operations, improve efficiency and support decision-making.

The company’s products and services include electronic drilling recorders, wellsite data-acquisition systems, remote communications, cloud-based data management and drilling-information visualization tools.