Pason Systems (TSE:PSI) Hits New 52-Week Low – Should You Sell?

by · The Cerbat Gem

Pason Systems Inc. (TSE:PSI – Get Free Report) reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$11.84 and last traded at C$11.88, with a volume of 292665 shares. The stock had previously closed at C$12.82.

Analyst Upgrades and Downgrades

Separately, National Bankshares decreased their price target on shares of Pason Systems from C$20.00 to C$19.50 and set a “sector perform” rating on the stock in a research note on Thursday, December 19th.

Read Our Latest Stock Analysis on Pason Systems

Pason Systems Stock Performance

The company has a fifty day moving average of C$13.15 and a two-hundred day moving average of C$13.68. The firm has a market capitalization of C$917.03 million, a price-to-earnings ratio of 8.13, a PEG ratio of 10.78 and a beta of 1.58. The company has a debt-to-equity ratio of 3.19, a quick ratio of 3.54 and a current ratio of 2.59.

Pason Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date was Monday, March 17th. Pason Systems’s dividend payout ratio is currently 36.70%.

Pason Systems Company Profile

(Get Free Report)

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.

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