Pason Systems Inc. (TSE:PSI) Director James Lee Bowzer Purchases 2,500 Shares

Pason Systems Inc. (TSE:PSI) Director James Lee Bowzer bought 2,500 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were purchased at an average cost of C$11.32 per share, with a total value of C$28,303.88.

Pason Systems Stock Up 3.9%

Shares of TSE:PSI traded up C$0.43 during midday trading on Monday, reaching C$11.54. 145,766 shares of the company were exchanged, compared to its average volume of 152,038. The firm has a market cap of C$918.62 million, a PE ratio of 8.14, a P/E/G ratio of 10.78 and a beta of 1.58. The company has a quick ratio of 3.54, a current ratio of 2.59 and a debt-to-equity ratio of 3.19. The stock has a fifty day simple moving average of C$11.96 and a two-hundred day simple moving average of C$13.19. Pason Systems Inc. has a fifty-two week low of C$10.43 and a fifty-two week high of C$18.59.

Pason Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were paid a $0.13 dividend. 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 (DPR) is 36.70%.

Analysts Set New Price Targets

Several research firms have commented on PSI. Royal Bank of Canada lowered their price target on shares of Pason Systems from C$18.00 to C$16.00 and set an “outperform” rating for the company in a report on Thursday, April 17th. TD Securities decreased their target price on shares of Pason Systems from C$16.00 to C$13.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th.

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.