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

Savaria Co. (TSE:SIS)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$29.26 and traded as high as C$31.18. Savaria shares last traded at C$30.79, with a volume of 105,064 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Scotia raised their price target on Savaria from C$30.00 to C$33.00 and gave the company a “sector outperform” rating in a report on Thursday, April 16th. Stifel Nicolaus boosted 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 report on Wednesday, April 8th. National Bank Financial upped 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. TD raised their price objective on shares of Savaria from C$31.00 to C$35.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Finally, ATB Cormark Capital Markets boosted their target price on shares of Savaria from C$32.00 to C$35.00 and gave the stock an “outperform” rating in a report on Wednesday, April 15th. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Savaria has an average rating of “Buy” and a consensus target price of C$33.33.

Savaria Stock Down 0.6%

The company has a market capitalization of C$2.21 billion, a price-to-earnings ratio of 27.93, a price-to-earnings-growth ratio of 42.72 and a beta of 1.03. The company has a quick ratio of 0.91, a current ratio of 1.71 and a debt-to-equity ratio of 31.42. The business has a 50-day moving average price of C$29.38 and a 200-day moving average price of C$27.34.

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

Insiders Place Their Bets

In other news, 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 value of C$693,250.00. Following the completion of the sale, the director owned 100,000 shares of the company’s stock, valued at C$2,773,000. This trade represents a 20.00% decrease in their ownership of the stock. Also, Director Peter Allen Drutz sold 9,736 shares of Savaria 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 transaction, the director owned 95,251 shares in the company, valued at C$2,762,279. This represents a 9.27% decrease in their position. Insiders have sold 62,500 shares of company stock worth $1,761,124 over the last three months. Company 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.