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

by · The Cerbat Gem

Savaria Co. (TSE:SIS – Get Free Report)’s stock price crossed 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.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Analysis on Savaria

Savaria Stock Up 3.7%

The company has a quick ratio of 0.91, a current ratio of 1.72 and a debt-to-equity ratio of 29.43. The company has a market capitalization of C$2.16 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 42.72 and a beta of 0.58. The business’s 50 day simple moving average is C$29.03 and its 200 day simple moving average is C$28.18.

Savaria (TSE:SIS – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported C$0.35 earnings per share for the quarter. Savaria had a net margin of 9.27% and a return on equity of 13.41%. The business had revenue of C$245.78 million for the quarter. As a group, analysts forecast that Savaria Co. will post 1.20 EPS for the current year.

Insiders Place Their Bets

In other news, insider Jean-Philippe De Montigny sold 10,000 shares of the firm’s stock in a transaction on Monday, September 21st. The stock was 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 owned 82,560 shares of the company’s stock, valued at C$2,411,577.60. This trade represents a 10.80% decrease in their ownership of the stock. Also, Director Jean-Louis Chapdelaine sold 14,898 shares of Savaria stock in a transaction on Friday, August 7th. The shares were sold at an average price of C$30.24, for a total value of C$450,515.52. Following the transaction, the director owned 100,000 shares in the company, valued at C$3,024,000. This represents a 12.97% decrease in their position. In the last three months, insiders have sold 74,511 shares of company stock worth $2,239,313. Corporate insiders own 17.45% of the company’s stock.

About Savaria

(Get Free Report)

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.

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