Pason Systems (TSE:PSI) Insider Sells C$29,480.00 in Stock

Pason Systems Inc. (TSE:PSI) insider Kevin Boston sold 2,000 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of C$14.74, for a total transaction of C$29,480.00. Following the completion of the transaction, the insider owned 7,300 shares of the company’s stock, valued at C$107,602. This represents a 21.51% decrease in their position.

Kevin Boston also recently made the following trade(s):

• 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 stock was sold at an average price of C$14.60, for a total transaction of C$23,360.00.
• 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 stock was sold at an average price of C$14.47, for a total transaction of C$28,940.00.

Pason Systems Stock Performance

Shares of PSI traded down C$0.32 during mid-day trading on Monday, hitting C$14.54. 226,666 shares of the company’s stock were exchanged, compared to its average volume of 232,519. Pason Systems Inc. has a fifty-two week low of C$11.09 and a fifty-two week high of C$15.47. The firm has a market capitalization of C$1.13 billion, a P/E ratio of 24.23, a P/E/G ratio of 10.78 and a beta of 0.41. The business’s 50 day moving average is C$13.65 and its two-hundred day moving average is C$12.78. The company has a current ratio of 2.11, a quick ratio of 3.54 and a debt-to-equity ratio of 5.79.

Pason Systems (TSE:PSI) last announced its earnings results on Thursday, May 7th. The company reported C$0.17 earnings per share for the quarter. Pason Systems had a net margin of 11.31% and a return on equity of 9.49%. The business had revenue of C$102.44 million during the quarter. On average, equities analysts expect that Pason Systems Inc. will post 1.229765 earnings per share for the current year.

Pason Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.13 per share. The ex-dividend date was Tuesday, March 17th. This represents a $0.52 annualized dividend and a dividend yield of 3.6%. Pason Systems’s dividend payout ratio is 86.67%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PSI. TD Securities upgraded shares of Pason Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. TD upgraded shares of Pason Systems from a “hold” rating to a “buy” rating and raised their price objective for the company from C$13.00 to C$18.00 in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$15.13.

About Pason Systems

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.