Research analysts at William Blair began coverage on shares of Sierra Wireless (TSE:SW – Get Rating) (NASDAQ:SWIR) in a note issued to investors on Tuesday, TipRanks reports. The firm set a “buy” rating on the stock.
SW has been the topic of several other reports. Colliers Securities reiterated a “buy” rating and set a C$25.00 price target on shares of Sierra Wireless in a research note on Wednesday, February 23rd. B. Riley reiterated a “buy” rating and set a C$24.00 price target on shares of Sierra Wireless in a research note on Wednesday, February 23rd.
Shares of Sierra Wireless stock traded up C$1.09 during trading on Tuesday, hitting C$21.18. 21,576 shares of the stock were exchanged, compared to its average volume of 61,160. The firm’s 50-day moving average price is C$21.84 and its 200 day moving average price is C$21.13. Sierra Wireless has a 12-month low of C$15.90 and a 12-month high of C$26.22. The company has a debt-to-equity ratio of 9.77, a current ratio of 1.39 and a quick ratio of 0.84. The stock has a market cap of C$809.20 million and a price-to-earnings ratio of -7.03.
Sierra Wireless Company Profile (Get Rating)
Sierra Wireless, Inc, together with its subsidiaries, provides device-to-cloud Internet of Things (IoT) solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, IoT Solutions and Enterprise Solutions. The IoT Solutions segment offers cellular wireless IoT modules that provides original equipment manufacturers (OEMs) with 5G, 4G LTE, third generation/second generation, low power wide area, Wi-Fi, Bluetooth, and global navigation satellite system connectivity; embedded broadband solutions, including industrial-grade modules, which offers speed, bandwidth, and network performance for connecting to 5G and 4G networks; and IoT connectivity services.
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