Savaria (TSE:SIS) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Shares of Savaria Co. (TSE:SIS) 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 changing hands.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. ATB Cormark Capital Markets increased their target price on shares of Savaria from C$32.00 to C$35.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. Stifel Nicolaus increased their target price on shares of Savaria from C$29.00 to C$31.00 and gave the company a “buy” rating in a report on Wednesday, April 8th. TD increased their target price on shares of Savaria from C$31.00 to C$35.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Scotia increased their target price on shares of Savaria from C$30.00 to C$33.00 and gave the company a “sector outperform” rating in a report on Thursday, April 16th. Finally, Scotiabank increased their target price on shares of Savaria from C$29.00 to C$30.00 and gave the company an “outperform” rating in a report on Friday, March 6th. Nine equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of C$33.33.

Savaria Stock Performance

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 company’s fifty day moving average is C$28.92 and its 200 day moving average is C$25.95. The company has a market cap of C$2.04 billion, a P/E ratio of 25.75, a price-to-earnings-growth ratio of 42.72 and a beta of 1.06.

Savaria (TSE:SIS) last released its earnings results on Wednesday, May 6th. The company reported C$0.31 EPS for the quarter. The company had revenue of C$235.55 million for the quarter. Savaria had a net margin of 8.50% and a return on equity of 12.41%. As a group, equities analysts predict that Savaria Co. will post 1.2048518 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Savaria news, Director Peter Allen Drutz sold 9,736 shares of the firm’s stock in a transaction on Saturday, June 6th. The shares were sold at an average price of C$29.00, for a total value of C$282,344.00. Following the sale, the director owned 95,251 shares of the company’s stock, valued at C$2,762,279. This trade represents a 9.27% decrease in their position. Also, Director Jean-Louis Chapdelaine sold 25,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the director directly owned 100,000 shares in the company, valued at approximately C$2,773,000. This trade represents a 20.00% decrease in their position. Insiders have sold a total of 50,000 shares of company stock valued at $1,395,049 in the last quarter. Insiders own 17.45% of the company’s stock.

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.