Pason Systems (TSE:PSI) Rating Lowered to “Hold” at TD Securities

Pason Systems (TSE:PSI) was downgraded by investment analysts at TD Securities from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.

A number of other equities research analysts also recently commented on PSI. Royal Bank Of Canada raised their target price on Pason Systems from C$16.00 to C$17.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. TD cut shares of Pason Systems from a “buy” rating to a “hold” rating and set a C$15.00 price target on the stock. in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$15.83.

Pason Systems Stock Up 1.9%

PSI opened at C$14.05 on Tuesday. The company has a debt-to-equity ratio of 5.51, a current ratio of 2.29 and a quick ratio of 3.54. The business has a 50 day simple moving average of C$14.30 and a 200-day simple moving average of C$13.67. The stock has a market capitalization of C$1.09 billion, a P/E ratio of 22.66, a P/E/G ratio of 10.78 and a beta of 0.61. Pason Systems has a 12 month low of C$11.50 and a 12 month high of C$15.47.

Pason Systems (TSE:PSI) last announced its quarterly earnings data on Tuesday, August 11th. The company reported C$0.18 earnings per share for the quarter. Pason Systems had a return on equity of 9.71% and a net margin of 11.53%. The firm had revenue of C$100.78 million for the quarter. On average, equities analysts anticipate that Pason Systems will post 1.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Pason Systems

In related news, insider Russell Smith sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of C$13.79, for a total value of C$103,425.00. Also, insider Kevin Boston sold 2,714 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were 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 directly owned 7,300 shares of the company’s stock, valued at C$107,602. The trade was a 27.10% decrease in their ownership of the stock. Over the last three months, insiders have sold 100,191 shares of company stock worth $1,455,400. Corporate insiders own 0.13% of the company’s stock.

Pason Systems Company Profile

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.