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Sierra Wireless (NASDAQ:SWIR)’s share price hit a new 52-week high during trading on Wednesday , American Banking & Market News reports. The company traded as high as $27.10 and last traded at $26.24, with a volume of 1,158,410 shares changing hands. The stock had previously closed at $25.40.

SWIR has been the subject of a number of recent research reports. Analysts at Paradigm Capital downgraded shares of Sierra Wireless to a “hold” rating in a research note on Monday, August 4th. Separately, 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, August 1st. Finally, 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, August 1st. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $21.93.

The stock has a 50-day moving average of $20.52 and a 200-day moving average of $20.64. The company’s market cap is $820.6 million.

Sierra Wireless (NASDAQ:SWIR) last issued its quarterly earnings data 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 $0.40 earnings per share for the current fiscal year.

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

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