Savaria (TSE:SIS) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Savaria Co. (TSE:SIS)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$29.26 and traded as high as C$31.18. Savaria shares last traded at C$30.79, with a volume of 105,064 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SIS shares. 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 report on Wednesday, April 15th. Raymond James Financial boosted their target price on Savaria from C$32.00 to C$33.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. Stifel Nicolaus increased their price objective on shares of Savaria from C$29.00 to C$31.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. Scotia upped their price objective on 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. Finally, ATB Cormark Capital Markets raised 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. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$33.33.

Savaria Stock Down 1.1%

The company has a debt-to-equity ratio of 31.42, a current ratio of 1.71 and a quick ratio of 0.91. The stock has a market capitalization of C$2.21 billion, a P/E ratio of 27.99, a P/E/G ratio of 42.72 and a beta of 1.03. The firm has a 50-day simple moving average of C$29.26 and a 200 day simple moving average of C$27.23.

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

Insider Activity

In other Savaria news, Director Les Teague sold 5,000 shares of the stock in a transaction dated Friday, June 26th. The stock was sold at an average price of C$28.92, for a total transaction of C$144,600.00. Also, Director Jean-Louis Chapdelaine sold 25,000 shares of Savaria stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of C$27.73, for a total value of C$693,250.00. Following the completion of the transaction, the director directly owned 100,000 shares of the company’s stock, valued at approximately C$2,773,000. This trade represents a 20.00% decrease in their ownership of the stock. Insiders sold 62,500 shares of company stock worth $1,761,124 over the last ninety days. Corporate insiders own 17.45% of the company’s stock.

Savaria Company Profile

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.