Jonathan Faber Acquires 10,000 Shares of Pason Systems Inc. (PSI.TO) (TSE:PSI) Stock

Pason Systems Inc. (PSI.TO) (TSE:PSI) Senior Officer Jonathan Faber bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 31st. The stock was bought at an average price of C$7.95 per share, for a total transaction of C$79,500.00. Following the completion of the acquisition, the insider now directly owns 42,000 shares in the company, valued at C$333,900.

Shares of Pason Systems Inc. (PSI.TO) stock opened at C$7.88 on Friday. The stock has a market cap of C$654.74 million and a PE ratio of 35.82. The business has a fifty day simple moving average of C$7.36 and a 200-day simple moving average of C$6.47. The company has a quick ratio of 4.30, a current ratio of 4.69 and a debt-to-equity ratio of 2.21. Pason Systems Inc. has a 12 month low of C$4.74 and a 12 month high of C$14.08.

Pason Systems Inc. (PSI.TO) (TSE:PSI) last issued its earnings results on Wednesday, November 4th. The company reported C($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.11) by C$0.07. The business had revenue of C$23.07 million during the quarter, compared to analyst estimates of C$19.70 million. Analysts expect that Pason Systems Inc. will post -0.07 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 30th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, December 15th. This represents a $0.20 dividend on an annualized basis and a yield of 2.54%. Pason Systems Inc. (PSI.TO)’s dividend payout ratio (DPR) is currently 90.91%.

Separately, Stifel Firstegy restated a “hold” rating on shares of Pason Systems Inc. (PSI.TO) in a report on Monday, November 2nd.

Pason Systems Inc. (PSI.TO) Company Profile

Pason Systems Inc provides instrumentation and data management systems for drilling rigs. The company offers Electronic AutoDriller, which maximizes the rate of penetration by monitoring various drilling parameters; Electronic Choke Actuator that provides a means of remotely controlling the choke valve; and Electronic Drilling Recorder, a drilling recorder.

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