Pason Systems (TSE:PSI) Insider Sells C$103,425.00 in Stock

by · The Cerbat Gem

Pason Systems Inc. (TSE:PSI – Get Free Report) insider Russell Smith sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of C$13.79, for a total transaction of C$103,425.00.

Russell Smith also recently made the following trade(s):

  • On Thursday, August 13th, Russell Smith sold 6,500 shares of Pason Systems stock. The shares were sold at an average price of C$14.70, for a total transaction of C$95,550.00.

Pason Systems Price Performance

Shares of PSI opened at C$14.25 on Friday. Pason Systems Inc. has a twelve month low of C$11.33 and a twelve month high of C$15.47. The firm’s fifty day simple moving average is C$13.94 and its 200-day simple moving average is C$13.57. The firm has a market capitalization of C$1.11 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 10.78 and a beta of 0.61. The company has a current ratio of 2.29, a quick ratio of 3.54 and a debt-to-equity ratio of 5.51.

Pason Systems (TSE:PSI – Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported C$0.18 earnings per share (EPS) for the quarter. The business had revenue of C$100.78 million during the quarter. Pason Systems had a net margin of 11.53% and a return on equity of 9.71%. Equities analysts forecast that Pason Systems Inc. will post 1.229765 EPS for the current fiscal year.

Pason Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, September 15th. Pason Systems’s payout ratio is 83.87%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PSI shares. TD dropped their price objective on Pason Systems from C$18.00 to C$15.00 and set a “hold” rating on the stock in a report on Monday, July 13th. Royal Bank Of Canada upped their price target on Pason Systems from C$16.00 to C$17.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$15.83.

View Our Latest Research Report on Pason Systems

About Pason Systems

(Get Free Report)

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.

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