Pason Systems Inc. (TSE:PSI – Get Free Report) insider Kevin Boston sold 6,000 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of C$14.64, for a total transaction of C$87,840.00. Following the completion of the sale, the insider owned 7,300 shares of the company’s stock, valued at C$106,872. The trade was a 45.11% decrease in their position.
Kevin Boston also recently made the following trade(s):
- On Friday, August 14th, Kevin Boston sold 2,714 shares of Pason Systems stock. The stock was sold at an average price of C$14.74, for a total transaction of C$40,004.36.
- On Wednesday, June 3rd, Kevin Boston sold 100 shares of Pason Systems stock. The shares were sold at an average price of C$14.94, for a total transaction of C$1,494.00.
- On Friday, May 29th, Kevin Boston sold 400 shares of Pason Systems stock. The shares were sold at an average price of C$14.62, for a total transaction of C$5,848.00.
- On Friday, May 29th, Kevin Boston sold 1,600 shares of Pason Systems stock. The shares were sold at an average price of C$14.60, for a total transaction of C$23,360.00.
- On Friday, May 29th, Kevin Boston sold 2,000 shares of Pason Systems stock. The stock was sold at an average price of C$14.74, for a total transaction of C$29,480.00.
- On Wednesday, May 27th, Kevin Boston sold 200 shares of Pason Systems stock. The stock was sold at an average price of C$14.37, for a total value of C$2,874.00.
- On Wednesday, May 27th, Kevin Boston sold 1,300 shares of Pason Systems stock. The shares were sold at an average price of C$14.36, for a total value of C$18,668.00.
- On Wednesday, May 27th, Kevin Boston sold 2,000 shares of Pason Systems stock. The shares were sold at an average price of C$14.47, for a total value of C$28,940.00.
Pason Systems Trading Down 0.3%
Shares of TSE PSI traded down C$0.04 during midday trading on Monday, hitting C$14.52. The stock had a trading volume of 97,622 shares, compared to its average volume of 246,015. The firm has a market cap of C$1.13 billion, a P/E ratio of 23.42, a price-to-earnings-growth ratio of 10.78 and a beta of 0.43. Pason Systems Inc. has a fifty-two week low of C$11.09 and a fifty-two week high of C$15.47. 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 company’s 50-day simple moving average is C$12.90 and its 200 day simple moving average is C$13.16.
Pason Systems Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, June 16th. Pason Systems’s payout ratio is currently 83.87%.
Analyst Upgrades and Downgrades
PSI has been the subject of several analyst reports. TD lowered their price target on shares of Pason Systems from C$18.00 to C$15.00 and set a “hold” rating for the company in a research report on Monday, July 13th. TD Securities upgraded shares of Pason Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Finally, Royal Bank Of Canada raised their price objective on shares of Pason Systems from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$15.83.
Check Out Our Latest Research Report on Pason Systems
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.
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