Savaria (TSE:SIS) Share Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Savaria shares fell below their 200-day moving average, trading as low as C$28.34 versus the C$28.56 average, before last changing hands at C$28.75.
• Despite the technical weakness, analysts remain bullish: Savaria has a consensus “Buy” rating and an average price target of C$34.35, well above the recent share price.
• The company reported C$245.78 million in quarterly revenue and C$0.35 in EPS, while insiders sold 64,511 shares worth approximately C$1.94 million over the past three months.

Shares of Savaria Co. (TSE:SIS - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$28.56 and traded as low as C$28.34. Savaria shares last traded at C$28.75, with a volume of 172,926 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SIS shares. Desjardins increased their price objective on shares of Savaria from C$36.00 to C$39.00 and gave the company a "buy" rating in a research note on Friday, August 7th. ATB Cormark Capital Markets upped their target price on shares of Savaria from C$35.00 to C$38.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. TD upped their target price on shares of Savaria from C$35.00 to C$37.00 and gave the company a "buy" rating in a research note on Friday, August 7th. 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. Finally, TD Securities upgraded shares of Savaria to a "strong-buy" rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. Based on data from MarketBeat.com, Savaria has a consensus rating of "Buy" and a consensus target price of C$34.35.

Savaria Trading Up 0.6%

The company has a debt-to-equity ratio of 29.43, a quick ratio of 0.91 and a current ratio of 1.72. The stock has a market cap of C$2.07 billion, a P/E ratio of 23.76, a P/E/G ratio of 42.72 and a beta of 0.97. The company has a 50-day simple moving average of C$29.36 and a 200-day simple moving average of C$28.56.

Savaria (TSE:SIS - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported C$0.35 EPS for the quarter. Savaria had a return on equity of 13.41% and a net margin of 9.27%.The company had revenue of C$245.78 million for the quarter. On average, sell-side analysts forecast that Savaria Co. will post 1.2048518 EPS for the current fiscal year.

Insider Transactions at Savaria

In other Savaria news, Director Jean-Louis Chapdelaine sold 10,917 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of C$30.24, for a total transaction of C$330,130.08. Following the sale, the director owned 100,000 shares of the company's stock, valued at C$3,024,000. This represents a 9.84% decrease in their position. Also, Director Les Teague sold 5,000 shares of the firm's stock in a transaction dated Friday, June 26th. The shares were sold at an average price of C$28.92, for a total transaction of C$144,600.00. In the last three months, insiders have sold 64,511 shares of company stock worth $1,944,213. 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.

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