Pason Systems Inc. (TSE:PSI – Get Free Report) insider Bryce Mclean sold 2,777 shares of Pason Systems stock in a transaction on Friday, August 14th. The stock was sold at an average price of C$14.48, for a total value of C$40,210.96. Following the completion of the sale, the insider directly owned 9,376 shares of the company’s stock, valued at approximately C$135,764.48. The trade was a 22.85% decrease in their position.
Bryce Mclean also recently made the following trade(s):
- On Thursday, August 13th, Bryce Mclean sold 16,700 shares of Pason Systems stock. The stock was sold at an average price of C$14.60, for a total value of C$243,820.00.
- On Tuesday, May 26th, Bryce Mclean sold 8,410 shares of Pason Systems stock. The shares were sold at an average price of C$14.50, for a total value of C$121,945.00.
Pason Systems Price Performance
TSE PSI opened at C$13.80 on Thursday. Pason Systems Inc. has a one year low of C$11.17 and a one year high of C$15.47. The stock has a 50-day moving average of C$12.92 and a 200 day moving average of C$13.20. The company has a debt-to-equity ratio of 5.51, a quick ratio of 3.54 and a current ratio of 2.29. The company has a market capitalization of C$1.07 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 10.78 and a beta of 0.43.
Pason Systems Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.13 per share. The ex-dividend date was Tuesday, June 16th. This represents a $0.52 dividend on an annualized basis and a yield of 3.8%. Pason Systems’s payout ratio is currently 83.87%.
Wall Street Analysts Forecast Growth
PSI has been the topic of a number of research reports. TD Securities upgraded Pason Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. TD reduced their price objective on 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. Finally, Royal Bank Of Canada raised their target price on Pason Systems from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$15.83.
View Our Latest Stock Analysis on PSI
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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