Pason Systems Inc. (TSE:PSI - Get Free Report) insider Kevin Boston sold 2,714 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of C$14.74, for a total value of C$40,004.36. Following the completion of the transaction, the insider owned 7,300 shares of the company's stock, valued at C$107,602. The trade was a 27.10% decrease in their position.
Kevin Boston also recently made the following trade(s):
- On Thursday, August 13th, Kevin Boston sold 6,000 shares of Pason Systems stock. The stock was sold at an average price of C$14.64, for a total transaction of C$87,840.00.
- On Wednesday, June 3rd, Kevin Boston sold 100 shares of Pason Systems stock. The stock was sold at an average price of C$14.94, for a total transaction of C$1,494.00.
- On Friday, May 29th, Kevin Boston sold 400 shares of Pason Systems stock. The stock was sold at an average price of C$14.62, for a total transaction of C$5,848.00.
- On Friday, May 29th, Kevin Boston sold 1,600 shares of Pason Systems stock. The shares were sold at an average price of C$14.60, for a total transaction of C$23,360.00.
- On Friday, May 29th, Kevin Boston sold 2,000 shares of Pason Systems stock. The shares were sold at an average price of C$14.74, for a total transaction of C$29,480.00.
- On Wednesday, May 27th, Kevin Boston sold 200 shares of Pason Systems stock. The stock was sold at an average price of C$14.37, for a total transaction of C$2,874.00.
- On Wednesday, May 27th, Kevin Boston sold 1,300 shares of Pason Systems stock. The stock was sold at an average price of C$14.36, for a total transaction of C$18,668.00.
- On Wednesday, May 27th, Kevin Boston sold 2,000 shares of Pason Systems stock. The shares were sold at an average price of C$14.47, for a total transaction of C$28,940.00.
Pason Systems Price Performance
PSI stock opened at C$14.55 on Tuesday. The firm has a 50 day moving average of C$12.91 and a 200-day moving average of C$13.17. Pason Systems Inc. has a 12-month low of C$11.09 and a 12-month high of C$15.47. The company has a current ratio of 2.29, a quick ratio of 3.54 and a debt-to-equity ratio of 5.51. The company has a market cap of C$1.13 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 10.78 and a beta of 0.43.
Pason Systems (TSE:PSI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$0.18 EPS for the quarter. The business had revenue of C$100.78 million for the quarter. Pason Systems had a return on equity of 9.71% and a net margin of 11.53%. As a group, equities analysts expect that Pason Systems Inc. will post 1.229765 EPS for the current fiscal year.
Pason Systems Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were issued a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $0.52 annualized dividend and a yield of 3.6%. Pason Systems's dividend payout ratio is 83.87%.
Trending Headlines about Pason Systems
Here are the key news stories impacting Pason Systems this week:
- Negative Sentiment: Five insiders collectively sold approximately 92,691 shares of Pason Systems for total proceeds of about C$1.35 million in transactions conducted August 13–14.
- Negative Sentiment: Jonathan Faber sold 45,000 shares for C$654,750, reducing his position by 51.72% to 42,000 shares.
- Negative Sentiment: Bryce Mclean sold 16,700 shares for C$243,820 and an additional 2,777 shares for C$40,211, reducing his reported ownership by 65.35% and 22.85% in the respective transactions.
- Negative Sentiment: Lars Olesen sold 13,000 shares for C$189,800, cutting his position by 59.63% to 8,800 shares.
- Negative Sentiment: Russell Smith sold 6,500 shares for C$95,550, reducing his holdings by 46.43% to 7,500 shares.
- Negative Sentiment: Kevin Boston sold 6,000 shares for C$87,840 and another 2,714 shares for C$40,004, leaving him with 7,300 shares after the reported transactions.
Wall Street Analyst Weigh In
PSI has been the topic of several recent research reports. TD decreased their price objective on shares of Pason Systems from C$18.00 to C$15.00 and set a "hold" rating on the stock in a research report on Monday, July 13th. Royal Bank Of Canada raised their target price on shares of Pason Systems from C$16.00 to C$17.00 and gave the company an "outperform" rating in a report on Wednesday, August 12th. Finally, TD Securities upgraded shares of Pason Systems from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Pason Systems presently has a consensus rating of "Moderate Buy" and an average price target of C$15.83.
Check Out Our Latest Stock Report 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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