Savaria (TSE:SIS) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

Savaria Co. (TSE:SIS)’s stock price crossed 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 trading hands.

Analyst Ratings Changes

A number of equities analysts have weighed in on SIS shares. TD Securities upped their price target on Savaria from C$27.00 to C$31.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Scotiabank boosted their target price on shares of Savaria from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. Desjardins upped their target price on shares of Savaria from C$32.00 to C$35.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. National Bank Financial raised their price target on shares of Savaria from C$30.50 to C$37.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Finally, Stifel Nicolaus lifted their price target 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. Nine investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Savaria has an average rating of “Buy” and an average target price of C$33.33.

Savaria Trading Down 2.4%

The company has a current ratio of 1.71, a quick ratio of 0.91 and a debt-to-equity ratio of 31.42. The business has a 50 day simple moving average of C$28.95 and a two-hundred day simple moving average of C$26.01. The stock has a market cap of C$2.05 billion, a price-to-earnings ratio of 25.98, a price-to-earnings-growth ratio of 42.72 and a beta of 1.06.

Savaria (TSE:SIS) last announced its earnings results on Wednesday, May 6th. The company reported C$0.31 earnings per share (EPS) for the quarter. Savaria had a return on equity of 12.41% and a net margin of 8.50%.The company had revenue of C$235.54 million for the quarter. As a group, equities analysts anticipate that Savaria Co. will post 1.2048518 EPS for the current year.

Insiders Place Their Bets

In other news, Director Peter Allen Drutz sold 15,264 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of C$27.48, for a total value of C$419,454.72. Following the sale, the director owned 104,987 shares in the company, valued at approximately C$2,885,042.76. This represents a 12.69% decrease in their position. Also, Director Jean-Louis Chapdelaine sold 25,000 shares of the stock in a transaction dated 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 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 a total of 50,000 shares of company stock worth $1,395,049 over the last quarter. 17.45% of the stock is currently owned by insiders.

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.