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Sierra Wireless (NASDAQ:SWIR) was downgraded by Paradigm Capital to a “hold” rating in a research note issued on Monday.

Shares of Sierra Wireless (NASDAQ:SWIR) traded up 2.29% on Monday, hitting $20.55. 518,297 shares of the company’s stock traded hands. Sierra Wireless has a 1-year low of $12.02 and a 1-year high of $26.65. The stock’s 50-day moving average is $19.76 and its 200-day moving average is $20.60. The company has a market cap of $645.2 million and a P/E ratio of 10.87.

Sierra Wireless (NASDAQ:SWIR) last announced its earnings results on Thursday, July 31st. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. The company had revenue of $135.01 million for the quarter, compared to the consensus estimate of $129.42 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. On average, analysts predict that Sierra Wireless will post $0.38 earnings per share for the current fiscal year.

SWIR has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets raised their price target on shares of Sierra Wireless from $19.00 to $20.00 in a research note on Friday. Separately, analysts at Raymond James raised their price target on shares of Sierra Wireless from $21.00 to $22.50 in a research note on Friday. Finally, analysts at Scotiabank upgraded shares of Sierra Wireless from an “underperform” rating to a “sector perform” rating in a research note on Friday. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $22.16.

Sierra Wireless, Inc (NASDAQ:SWIR) is engaged in the development of wireless technologies and solutions.

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