Pason Systems Inc. (TSE:PSI – Get Free Report) Senior Officer Russell Smith sold 13,000 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of C$15.50, for a total value of C$201,500.00.
Russell Smith also recently made the following trade(s):
- On Wednesday, March 27th, Russell Smith sold 7,000 shares of Pason Systems stock. The shares were sold at an average price of C$15.30, for a total transaction of C$107,100.00.
Pason Systems Stock Performance
PSI opened at C$15.64 on Monday. Pason Systems Inc. has a 12-month low of C$10.75 and a 12-month high of C$17.49. The stock has a market cap of C$1.24 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 10.78 and a beta of 1.70. The business has a 50 day moving average of C$15.76 and a 200-day moving average of C$15.04. The company has a quick ratio of 3.54, a current ratio of 2.65 and a debt-to-equity ratio of 3.44.
Pason Systems Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.52 dividend on an annualized basis and a yield of 3.32%. Pason Systems’s dividend payout ratio (DPR) is presently 31.71%.
Analyst Ratings Changes
Separately, BMO Capital Markets increased their price target on Pason Systems from C$18.00 to C$20.00 in a research report on Tuesday, April 23rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Pason Systems currently has an average rating of “Moderate Buy” and a consensus price target of C$18.50.
Read Our Latest Stock Analysis on PSI
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.
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