Pason Systems (TSE:PSI) Shares Cross Above 200 Day Moving Average – Should You Sell?

Pason Systems Inc. (TSE:PSI)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.00 and traded as high as C$12.73. Pason Systems shares last traded at C$12.71, with a volume of 171,157 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, National Bankshares dropped their price target on shares of Pason Systems from C$20.00 to C$19.50 and set a “sector perform” rating on the stock in a research report on Thursday, December 19th.

Pason Systems Stock Up 0.2 %

The firm’s 50-day moving average is C$13.56. The stock has a market capitalization of C$1.01 billion, a P/E ratio of 8.97, a P/E/G ratio of 10.78 and a beta of 1.58. The company has a debt-to-equity ratio of 3.19, a quick ratio of 3.54 and a current ratio of 2.59.

Pason Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.52 annualized dividend and a dividend yield of 4.09%. Pason Systems’s payout ratio is 36.70%.

Pason Systems Company Profile

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.