Pason Systems (TSE:PSI) Sets New 1-Year Low – Time to Sell?

Shares of Pason Systems Inc. (TSE:PSI) reached a new 52-week low on Friday . The company traded as low as C$12.32 and last traded at C$12.43, with a volume of 10379 shares changing hands. The stock had previously closed at C$12.89.

Wall Street Analyst Weigh In

Separately, National Bankshares reduced their target price on Pason Systems from C$20.00 to C$19.50 and set a “sector perform” rating for the company in a report on Thursday, December 19th.

Pason Systems Stock Down 4.5 %

The company has a current ratio of 2.59, a quick ratio of 3.54 and a debt-to-equity ratio of 3.19. The firm has a market cap of C$979.91 million, a PE ratio of 8.69, a price-to-earnings-growth ratio of 10.78 and a beta of 1.58. The stock has a fifty day simple moving average of C$13.67 and a two-hundred day simple moving average of C$13.90.

Pason Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend was Tuesday, December 17th. Pason Systems’s payout ratio is presently 36.70%.

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.