Savaria (TSE:SIS) Shares Pass Above 50-Day Moving Average Following Insider Selling

Savaria Co. (TSE:SIS)’s stock price crossed above its fifty day moving average during trading on Monday after an insider bought additional shares in the company. The stock has a fifty day moving average of C$17.11 and traded as high as C$19.80. Savaria shares last traded at C$19.72, with a volume of 42,196 shares.

Wall Street Analyst Weigh In

SIS has been the topic of a number of research reports. Scotiabank cut their price objective on Savaria from C$25.00 to C$22.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. National Bankshares dropped their target price on shares of Savaria from C$27.00 to C$24.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Desjardins reduced their price target on shares of Savaria from C$27.00 to C$25.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Cormark upgraded shares of Savaria from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 7th. Finally, Raymond James reduced their target price on shares of Savaria from C$27.50 to C$24.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Savaria currently has an average rating of “Buy” and a consensus price target of C$23.83.

Savaria Trading Up 0.8%

The company has a quick ratio of 0.91, a current ratio of 1.97 and a debt-to-equity ratio of 54.11. The firm has a market cap of C$1.42 billion, a price-to-earnings ratio of 30.85, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90. The business’s fifty day moving average is C$17.11 and its two-hundred day moving average is C$18.89.

Savaria Company Profile

Savaria Corp designs, engineers, and manufactures products for personal mobility. Its products include home elevators, wheelchair lifts, commercial elevators, ceiling lifts, stairlifts, and van conversions. The company’s operating segments are the Accessibility, Adapted Vehicles, and Patient Handling, divisions.