National Bankshares Issues Pessimistic Forecast for Pason Systems (TSE:PSI) Stock Price

Pason Systems (TSE:PSI) had its price objective decreased by research analysts at National Bankshares from C$20.00 to C$19.50 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 48.18% from the company’s previous close.

Other analysts have also issued reports about the stock. TD Securities reduced their price target on shares of Pason Systems from C$20.00 to C$18.00 and set a “buy” rating for the company in a research note on Tuesday, October 8th. BMO Capital Markets dropped their price target on Pason Systems from C$21.00 to C$18.00 in a report on Friday, October 4th.

Pason Systems Stock Performance

PSI stock traded down C$0.23 during trading on Thursday, reaching C$13.16. 166,308 shares of the company’s stock were exchanged, compared to its average volume of 145,724. Pason Systems has a 1-year low of C$12.33 and a 1-year high of C$18.59. The firm has a market cap of C$1.05 billion, a PE ratio of 9.08, a P/E/G ratio of 10.78 and a beta of 1.58. The company’s fifty day moving average price is C$14.18 and its 200-day moving average price is C$15.21. The company has a quick ratio of 3.54, a current ratio of 2.62 and a debt-to-equity ratio of 3.41.

About Pason Systems

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.