Savaria (TSE:SIS) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Savaria Co. (TSE:SIS) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Analyst Upgrades and Downgrades

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

Savaria Stock Performance

The company has a quick ratio of 0.91, a current ratio of 1.94 and a debt-to-equity ratio of 56.50. The stock has a 50-day moving average of C$19.90 and a 200 day moving average of C$20.67. The stock has a market cap of C$1.30 billion, a PE ratio of 28.11, a P/E/G ratio of 42.72 and a beta of 0.90.

Savaria (TSE:SIS) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.24 EPS for the quarter, topping analysts’ consensus estimates of C$0.23 by C$0.01. Savaria had a return on equity of 8.95% and a net margin of 5.25%. During the same quarter in the previous year, the business earned $0.18 EPS. Equities analysts predict that Savaria Co. will post 1.2048518 EPS for the current fiscal year.

Insider Buying and Selling

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

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.