Pason Systems (TSE:PSI) Hits New 12-Month Low – What’s Next?

Pason Systems Inc. (TSE:PSI) shares hit a new 52-week low on Friday . The stock 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.

Analysts Set New Price Targets

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

Pason Systems Trading Down 10.1 %

The firm has a market cap of C$917.03 million, a price-to-earnings ratio of 8.13, a P/E/G ratio of 10.78 and a beta of 1.58. The company has a debt-to-equity ratio of 3.19, a current ratio of 2.59 and a quick ratio of 3.54. The business has a 50-day moving average of C$13.15 and a 200-day moving average of C$13.68.

Pason Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were paid 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 of this dividend was Monday, March 17th. Pason Systems’s dividend payout ratio 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.