Insider Selling: Pason Systems (TSE:PSI) Insider Sells C$190,872.00 in Stock

Pason Systems Inc. (TSE:PSI) 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 value of C$190,872.00. Following the transaction, the insider directly owned 1,893 shares in the company, valued at C$27,372.78. This trade represents a 87.46% decrease in their position.

Pason Systems Stock Performance

Shares of TSE PSI opened at C$13.73 on Thursday. 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 Inc. has a 12 month low of C$11.09 and a 12 month high of C$15.47. The stock has a 50 day moving average of C$13.82 and a 200-day moving average of C$12.90. The company has a market capitalization of C$1.06 billion, a P/E ratio of 22.88, a P/E/G ratio of 10.78 and a beta of 0.38.

Pason Systems (TSE:PSI) last issued its earnings results on Thursday, May 7th. The company reported C$0.17 EPS for the quarter. Pason Systems had a return on equity of 9.49% and a net margin of 11.31%.The company had revenue of C$102.44 million during the quarter. As a group, equities research analysts predict that Pason Systems Inc. will post 1.229765 EPS for the current year.

Pason Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Tuesday, June 16th. Pason Systems’s payout ratio is currently 86.67%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PSI. TD Securities upgraded Pason Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. TD upgraded Pason Systems from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$13.00 to C$18.00 in a research note 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 company. Based on data from MarketBeat, Pason Systems has an average rating of “Buy” and a consensus 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.