Kevin Boston Sells 2,000 Shares of Pason Systems (TSE:PSI) Stock

by · The Cerbat Gem

Pason Systems Inc. (TSE:PSI – Get Free Report) insider Kevin Boston sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of C$14.47, for a total transaction of C$28,940.00. Following the transaction, the insider directly owned 7,300 shares in the company, valued at approximately C$105,631. The trade was a 21.51% decrease in their position.

Kevin Boston also recently made the following trade(s):

  • 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 transaction of C$2,874.00.
  • On Wednesday, May 27th, Kevin Boston sold 1,300 shares of Pason Systems stock. The stock was sold at an average price of C$14.36, for a total transaction of C$18,668.00.

Pason Systems Stock Down 0.4%

PSI traded down C$0.06 during midday trading on Thursday, hitting C$14.33. 222,057 shares of the company’s stock traded hands, compared to its average volume of 203,209. Pason Systems Inc. has a one year low of C$11.09 and a one year high of C$15.47. The company has a market cap of C$1.11 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 10.78 and a beta of 0.41. The company has a debt-to-equity ratio of 5.79, a current ratio of 2.11 and a quick ratio of 3.54. The stock’s fifty day simple moving average is C$13.59 and its 200-day simple moving average is C$12.74.

Pason Systems (TSE:PSI – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.17 earnings per share (EPS) for the quarter. Pason Systems had a net margin of 11.31% and a return on equity of 9.49%. The business had revenue of C$102.44 million for the quarter. As a group, equities analysts anticipate that Pason Systems Inc. will post 1.229765 earnings per share for the current fiscal year.

Pason Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.13 per share. The ex-dividend date was Tuesday, March 17th. This represents a $0.52 dividend on an annualized basis and a yield of 3.6%. Pason Systems’s dividend payout ratio (DPR) is 86.67%.

Wall Street Analyst Weigh In

PSI has been the subject of a number of analyst reports. TD Securities raised Pason Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. TD raised Pason Systems from a “hold” rating to a “buy” rating and increased their price target for the company from C$13.00 to C$18.00 in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Pason Systems currently has an average rating of “Buy” and a consensus target price of C$15.13.

View Our Latest Stock Report on PSI

Pason Systems Company Profile

(Get Free Report)

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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