Pason Systems Inc. (TSE:PSI – Get Free Report) Senior Officer Kevin Boston sold 5,000 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of C$17.44, for a total transaction of C$87,200.00.
Kevin Boston also recently made the following trade(s):
- On Friday, May 31st, Kevin Boston sold 5,000 shares of Pason Systems stock. The stock was sold at an average price of C$16.74, for a total transaction of C$83,700.00.
- On Wednesday, May 29th, Kevin Boston sold 5,000 shares of Pason Systems stock. The stock was sold at an average price of C$15.80, for a total transaction of C$78,980.00.
Pason Systems Trading Up 1.6 %
Shares of Pason Systems stock opened at C$17.16 on Friday. The firm has a market capitalization of C$1.37 billion, a PE ratio of 10.46, a price-to-earnings-growth ratio of 10.78 and a beta of 1.70. The company has a debt-to-equity ratio of 3.44, a current ratio of 2.65 and a quick ratio of 3.54. The company’s fifty day moving average price is C$16.17 and its two-hundred day moving average price is C$15.33. Pason Systems Inc. has a 52-week low of C$10.75 and a 52-week high of C$17.55.
Pason Systems Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 28th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.52 annualized dividend and a dividend yield of 3.03%. Pason Systems’s dividend payout ratio is presently 31.71%.
Wall Street Analysts Forecast Growth
PSI has been the topic of a number of research reports. BMO Capital Markets boosted their target price on shares of Pason Systems from C$18.00 to C$20.00 in a research report on Tuesday, April 23rd. TD Securities boosted their target price on shares of Pason Systems from C$21.00 to C$22.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$18.83.
View Our Latest Report on Pason Systems
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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