Sierra Wireless, Inc. (TSE:SW) (NASDAQ:SWIR) Director Paul G. Cataford sold 3,326 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of C$20.37, for a total value of C$67,750.62.
Shares of Sierra Wireless, Inc. (TSE:SW) traded down C$0.05 during trading on Tuesday, hitting C$20.43. The company’s stock had a trading volume of 201,453 shares, compared to its average volume of 168,446. Sierra Wireless, Inc. has a one year low of C$19.06 and a one year high of C$43.16. The stock has a market cap of $660.53, a price-to-earnings ratio of 127.69 and a beta of 2.39.
A number of research firms recently issued reports on SW. TD Securities reduced their target price on Sierra Wireless to C$36.00 and set a “hold” rating on the stock in a research note on Friday, November 3rd. Raymond James Financial raised Sierra Wireless from a “market perform” rating to an “outperform” rating and set a C$38.00 price target on the stock in a research note on Monday, November 27th.
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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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