Pason Systems Inc. (TSE:PSI – Get Free Report) Senior Officer Bryce Mclean sold 4,250 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of C$18.00, for a total value of C$76,500.00.
Pason Systems Stock Up 1.7 %
PSI opened at C$18.43 on Monday. The company has a debt-to-equity ratio of 3.44, a quick ratio of 3.54 and a current ratio of 2.65. The company has a market cap of C$1.47 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 10.78 and a beta of 1.70. Pason Systems Inc. has a one year low of C$11.03 and a one year high of C$18.57. The business’s fifty day moving average is C$16.35 and its two-hundred day moving average is C$15.53.
Pason Systems (TSE:PSI – Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported C$0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.29 by C$0.58. The business had revenue of C$104.76 million during the quarter, compared to the consensus estimate of C$107.00 million. Pason Systems had a return on equity of 30.12% and a net margin of 34.92%. Analysts anticipate that Pason Systems Inc. will post 1.2097147 EPS for the current fiscal year.
Pason Systems Announces Dividend
Analyst Ratings Changes
Several research firms have issued reports on PSI. BMO Capital Markets increased their price objective on Pason Systems from C$18.00 to C$20.00 in a research report on Tuesday, April 23rd. TD Securities increased their price target on shares of Pason Systems from C$21.00 to C$22.00 and gave the company a “buy” rating in a report on Friday, May 31st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$18.83.
Read Our Latest Stock Report on Pason Systems
About Pason Systems
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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