Savaria (TSE:SIS) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Savaria Co. (TSE:SIS)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$20.64 and traded as low as C$17.90. Savaria shares last traded at C$17.96, with a volume of 109,408 shares.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SIS shares. Cormark lowered Savaria from a “buy” rating to a “market perform” rating in a research note on Monday, November 11th. TD Securities dropped their price objective 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. Finally, National Bankshares increased their price objective on Savaria from C$22.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$25.64.

Savaria Trading Down 0.5 %

The business has a 50-day moving average price of C$19.61 and a two-hundred day moving average price of C$20.65. The stock has a market capitalization of C$1.30 billion, a P/E ratio of 28.10, a P/E/G ratio of 42.72 and a beta of 0.90. The company has a current ratio of 1.97, a quick ratio of 0.91 and a debt-to-equity ratio of 54.11.

About Savaria

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.