Savaria (TSE:SIS) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Shares of Savaria Co. (TSE:SIS) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$20.67 and traded as low as C$18.20. Savaria shares last traded at C$18.31, with a volume of 119,645 shares trading hands.

Wall Street Analysts Forecast Growth

SIS has been the subject of several analyst reports. TD Securities cut their price target on Savaria from C$30.00 to C$25.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Cormark downgraded shares of Savaria from a “buy” rating to a “market perform” rating in a research report on Monday, November 11th. Finally, National Bankshares lifted their target price on shares of Savaria from C$22.00 to C$27.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Savaria currently has an average rating of “Moderate Buy” and an average target price of C$25.64.

Savaria Stock Performance

The company has a current ratio of 1.94, a quick ratio of 0.91 and a debt-to-equity ratio of 56.50. The stock’s 50 day moving average price is C$20.00 and its two-hundred day moving average price is C$20.67. The firm has a market capitalization of C$1.30 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 42.72 and a beta of 0.90.

Savaria (TSE:SIS) last issued its earnings results on Wednesday, November 6th. The company reported C$0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.23 by C$0.01. Savaria had a net margin of 5.25% and a return on equity of 8.95%. During the same period in the previous year, the firm earned $0.18 earnings per share. On average, analysts forecast that Savaria Co. will post 1.2048518 EPS for the current year.

Insider Buying and Selling

In other Savaria news, Senior Officer Jean-Philippe De Montigny purchased 19,545 shares of Savaria stock in a transaction on Monday, November 11th. The shares were bought at an average price of C$22.96 per share, with a total value of C$448,753.20. 17.45% of the stock is currently owned by insiders.

Savaria Company Profile

Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally. The company operates in two segments, Accessibility and Patient Care. The Accessibility segment designs, manufactures, distributes, and installs a portfolio of accessibility products, including commercial and home elevators, stairlifts, platform lifts, and wheelchair lowered-floor accessible conversions for selected brands of minivans, personal, residential, or commercial applications.