Savaria (TSE:SIS) Shares Cross Above 50-Day Moving Average – Should You Sell?

Savaria Co. (TSE:SIS) passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of C$29.03 and traded as high as C$30.04. Savaria shares last traded at C$29.96, with a volume of 248,986 shares traded.

Wall Street Analysts Forecast Growth

SIS has been the subject of several research reports. Desjardins raised their price target on shares of Savaria from C$36.00 to C$39.00 and gave the stock a “buy” rating in a report on Friday, August 7th. TD lifted their target price on shares of Savaria from C$35.00 to C$37.00 and gave the company a “buy” rating in a research note on Friday, August 7th. TD Securities upgraded shares of Savaria to a “strong-buy” rating in a report on Friday, July 24th. Ventum Financial set a C$34.50 price target on shares of Savaria and gave the stock a “buy” rating in a research note on Thursday, September 10th. Finally, ATB Cormark Capital Markets increased their price objective on Savaria from C$35.00 to C$38.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$34.35.

Savaria Trading Up 3.7%

The firm has a market capitalization of C$2.16 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 42.72 and a beta of 0.58. The company has a current ratio of 1.72, a quick ratio of 0.91 and a debt-to-equity ratio of 29.43. The company has a fifty day moving average price of C$29.03 and a 200-day moving average price of C$28.18.

Savaria (TSE:SIS) last announced its quarterly earnings results on Wednesday, August 5th. The company reported C$0.35 EPS for the quarter. Savaria had a return on equity of 13.41% and a net margin of 9.27%. The business had revenue of C$245.78 million during the quarter. On average, equities research analysts predict that Savaria Co. will post 1.20 EPS for the current year.

Insider Activity at Savaria

In other Savaria news, insider Jean-Philippe De Montigny sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of C$29.21, for a total value of C$292,100.00. Following the completion of the sale, the insider directly owned 82,560 shares of the company’s stock, valued at C$2,411,577.60. The trade was a 10.80% decrease in their ownership of the stock. Also, Director Les Teague sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of C$29.52, for a total transaction of C$147,600.00. Over the last quarter, insiders have sold 74,511 shares of company stock valued at $2,239,313. 17.45% of the stock is currently owned by corporate insiders.

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.