Pason Systems (TSE:PSI) Hits New 1-Year Low – Here’s What Happened

Pason Systems Inc. (TSE:PSI)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as C$10.43 and last traded at C$11.59, with a volume of 228023 shares trading hands. The stock had previously closed at C$10.76.

Wall Street Analysts Forecast Growth

Separately, National Bankshares dropped their price target on Pason Systems from C$20.00 to C$19.50 and set a “sector perform” rating for the company in a research report on Thursday, December 19th.

Pason Systems Stock Performance

The company has a market capitalization of C$892.35 million, a PE ratio of 7.91, a price-to-earnings-growth ratio of 10.78 and a beta of 1.58. The stock’s fifty day simple moving average is C$12.75 and its 200-day simple moving average is C$13.56. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were given a dividend of $0.13 per share. The ex-dividend date was Monday, March 17th. This represents a $0.52 dividend on an annualized basis and a yield of 4.64%. Pason Systems’s dividend payout ratio (DPR) is currently 36.70%.

Pason Systems Company Profile

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.