Pason Systems Inc. (TSE:PSI - Get Free Report) insider Celine Boston sold 13,200 shares of the business's stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of C$14.46, for a total transaction of C$190,872.00. Following the completion of the sale, the insider directly owned 1,893 shares of the company's stock, valued at C$27,372.78. This represents a 87.46% decrease in their ownership of the stock.
Pason Systems Stock Performance
PSI stock opened at C$13.97 on Tuesday. The company has a quick ratio of 3.54, a current ratio of 2.11 and a debt-to-equity ratio of 5.79. The company has a market capitalization of C$1.08 billion, a price-to-earnings ratio of 23.28, a P/E/G ratio of 10.78 and a beta of 0.38. Pason Systems Inc. has a 12 month low of C$11.09 and a 12 month high of C$15.47. The firm has a 50 day moving average of C$13.80 and a two-hundred day moving average of C$12.87.
Pason Systems (TSE:PSI - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported C$0.17 EPS for the quarter. The company had revenue of C$102.44 million during the quarter. Pason Systems had a net margin of 11.31% and a return on equity of 9.49%. As a group, equities analysts anticipate that Pason Systems Inc. will post 1.229765 EPS for the current fiscal year.
Pason Systems Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, June 16th. Pason Systems's dividend payout ratio is currently 86.67%.
Analyst Ratings Changes
PSI has been the subject of several recent analyst reports. TD Securities raised shares of Pason Systems from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 5th. TD raised shares of Pason Systems from a "hold" rating to a "buy" rating and upped their price objective for the stock from C$13.00 to C$18.00 in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Pason Systems presently has a consensus rating of "Buy" and a consensus target price of C$15.13.
Read Our Latest Analysis on PSI
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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