Pason Systems (OTCMKTS:PSYTF) Trading Up 0.4% – Time to Buy?

Pason Systems Inc. (OTCMKTS:PSYTFGet Free Report) shares were up 0.4% during trading on Wednesday . The company traded as high as $10.64 and last traded at $10.64. Approximately 7,128 shares were traded during trading, a decline of 77% from the average daily volume of 31,208 shares. The stock had previously closed at $10.60.

Analyst Ratings Changes

Separately, Royal Bank Of Canada reissued an “outperform” rating on shares of Pason Systems in a research report on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Check Out Our Latest Stock Analysis on PSYTF

Pason Systems Price Performance

The stock’s 50-day simple moving average is $9.62 and its two-hundred day simple moving average is $9.65.

Pason Systems Company Profile

(Get Free Report)

Pason Systems Inc is a Calgary-based provider of data management, automation and software solutions for drilling operations in the oil and gas industry. Since its founding in 1975, the company has developed a suite of instrumentation and data analytics products designed to enhance the safety, efficiency and performance of drilling rigs. Pason’s core offering includes real-time data acquisition systems that collect and transmit drilling parameters such as rate of penetration, torque, hookload and mud flow, enabling operators to make informed decisions on the rig floor and in remote monitoring centers.

The company’s technology platform integrates hardware, software and communications services to deliver comprehensive wellsite data management.

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