Sierra Wireless (NASDAQ:SWIR) (TSE:SW) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Friday.
SWIR has been the subject of a number of other research reports. Scotiabank upgraded Sierra Wireless from an “underperform” rating to a “sector perform” rating and set a $28.25 price objective for the company in a research report on Thursday, September 21st. BMO Capital Markets reiterated a “hold” rating and set a $26.00 price objective on shares of Sierra Wireless in a research report on Monday, November 6th. TD Securities reduced their price objective on Sierra Wireless from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Friday, November 3rd. Raymond James Financial upgraded Sierra Wireless from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research report on Monday, November 27th. Finally, Howard Weil upgraded Sierra Wireless to a “sector perform” rating and set a $23.00 price objective for the company in a research report on Thursday, September 21st. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $26.95.
Sierra Wireless (NASDAQ:SWIR) traded down $0.30 during mid-day trading on Friday, hitting $21.00. The stock had a trading volume of 311,522 shares, compared to its average volume of 291,150. The stock has a market capitalization of $679.84, a PE ratio of 29.58 and a beta of 3.17. The company has a quick ratio of 1.54, a current ratio of 1.92 and a debt-to-equity ratio of 0.09. Sierra Wireless has a 52-week low of $15.75 and a 52-week high of $31.95.
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About Sierra Wireless
Sierra Wireless, Inc is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Company’s OEM Solution segment offers cellular embedded wireless modules for IoT connectivity, including an embedded application framework to support customer applications. The Company’s Enterprise Solution segment offers intelligent routers and gateways, including management tools and applications that enable cellular connectivity.
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