Savaria (TSE:SIS) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Savaria Co. (TSE:SIS) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$28.92 and traded as high as C$29.47. Savaria shares last traded at C$28.33, with a volume of 192,523 shares.

Analyst Ratings Changes

Several research firms have issued reports on SIS. ATB Cormark Capital Markets increased their target price on shares of Savaria from C$32.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. TD increased their target price on shares of Savaria from C$31.00 to C$35.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Scotia increased their target price on shares of Savaria from C$30.00 to C$33.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 16th. Stifel Nicolaus increased their target price on shares of Savaria from C$29.00 to C$31.00 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. Finally, TD Securities increased their target price on shares of Savaria from C$27.00 to C$31.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Nine equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Savaria currently has an average rating of “Buy” and an average target price of C$33.33.

Savaria Stock Down 3.9%

The stock’s fifty day moving average price is C$28.92 and its 200 day moving average price is C$25.95. The stock has a market cap of C$2.04 billion, a P/E ratio of 25.75, a price-to-earnings-growth ratio of 42.72 and a beta of 1.06. The company has a current ratio of 1.71, a quick ratio of 0.91 and a debt-to-equity ratio of 31.42.

Savaria (TSE:SIS) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$0.31 EPS for the quarter. The firm had revenue of C$235.55 million for the quarter. Savaria had a net margin of 8.50% and a return on equity of 12.41%. As a group, research analysts forecast that Savaria Co. will post 1.2048518 earnings per share for the current fiscal year.

Insider Transactions at Savaria

In related news, insider Jean-Philippe De Montigny purchased 2,420 shares of the firm’s stock in a transaction dated Friday, March 20th. The shares were purchased at an average price of C$25.50 per share, with a total value of C$61,710.00. Following the acquisition, the insider directly owned 92,260 shares of the company’s stock, valued at approximately C$2,352,630. This represents a 2.69% increase in their ownership of the stock. Also, Director Jean-Louis Chapdelaine sold 25,000 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of C$27.73, for a total transaction of C$693,250.00. Following the completion of the transaction, the director directly owned 100,000 shares in the company, valued at C$2,773,000. The trade was a 20.00% decrease in their position. Insiders have sold 50,000 shares of company stock valued at $1,395,049 in the last quarter. Insiders own 17.45% of the company’s stock.

About Savaria

Savaria Corporation ( savaria.com ) is a global leader in the accessibility industry. It provides accessibility solutions for the physically challenged to increase their comfort, their mobility and their independence. Its product line is one of the most comprehensive on the market. Savaria designs, manufactures, distributes and installs accessibility equipment, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts and elevators for home and commercial use. It also manufactures and markets a comprehensive selection of pressure management products for the medical market, medical beds for the long-term care market, as well as an extensive line of medical equipment and solutions for the safe handling of patients, including ceiling lifts and slings.