Could Pason Systems Inc. Change Direction After Today’s Huge Decline?

 Could Pason Systems Inc. Change Direction After Today's Huge Decline?

The stock of Pason Systems Inc. (TSE:PSI) is a huge mover today! About 23,688 shares traded hands. Pason Systems Inc. (TSE:PSI) has declined 6.61% since March 24, 2016 and is downtrending. It has underperformed by 10.09% the S&P500.
The move comes after 7 months negative chart setup for the $1.28B company. It was reported on Oct, 31 by Barchart.com. We have $14.42 PT which if reached, will make TSE:PSI worth $64.00M less.

More important recent Pason Systems Inc. (TSE:PSI) news were published by: Seekingalpha.com which released: “Pason Systems’ (PSYTF) CEO Marcel Kessler on Q2 2016 Results – Earnings Call …” on August 11, 2016, also Seekingalpha.com published article titled: “Pason Systems Is A Cash Cow (PSYTF)”, Seekingalpha.com published: “Pason Systems – Fully Valued Entering A Tough Year (PSYTF)” on March 04, 2015. More interesting news about Pason Systems Inc. (TSE:PSI) was released by: Seekingalpha.com and their article: “Pason Systems: Up 14% But Still A Good Value (PSYTF)” with publication date: May 19, 2015.

Pason Systems Inc. is a provider of data management systems for drilling rigs. The company has a market cap of $1.28 billion. The Firm offers solutions, which include data acquisition, wellsite reporting, remote communications, and Web information management, enables collaboration between the rig and the office. It currently has negative earnings. It operates through three geographic divisions: Canada, the United States, and International .

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