Savaria (TSE:SIS) Stock Price Crosses Below 200-Day Moving Average - What's Next?

Key Points

• Savaria shares fell below their 200-day moving average, trading as low as C$27.88 versus the C$28.31 average, and last changing hands at C$27.93.
• Analysts remain bullish despite the technical decline: the stock has a consensus “Buy” rating and an average price target of C$34.33, with several firms recently raising targets to C$37–C$39.
• Savaria reported quarterly revenue of C$245.78 million and earnings of C$0.35 per share, while insiders sold 81,747 shares worth approximately C$2.45 million over the past three months.

Shares of Savaria Co. (TSE:SIS - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$28.31 and traded as low as C$27.88. Savaria shares last traded at C$27.93, with a volume of 314,387 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. TD lifted their price objective on Savaria from C$35.00 to C$37.00 and gave the company a "buy" rating in a research note on Friday, August 7th. ATB Cormark Capital Markets upped their target price on Savaria from C$35.00 to C$38.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th. Desjardins raised their price target on Savaria from C$36.00 to C$39.00 and gave the company a "buy" rating in a report on Friday, August 7th. Finally, TD Securities upgraded Savaria to a "strong-buy" rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$34.33.

Savaria Trading Down 1.1%

The stock's 50 day simple moving average is C$29.76 and its 200 day simple moving average is C$28.31. The firm has a market cap of C$2.01 billion, a PE ratio of 23.08, a PEG ratio of 42.72 and a beta of 1.04. The company has a debt-to-equity ratio of 29.43, a quick ratio of 0.91 and a current ratio of 1.72.

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

Insider Transactions at Savaria

In related news, Director Peter Allen Drutz sold 9,736 shares of the stock in a transaction on Saturday, June 6th. The stock was 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 of the company's stock, valued at C$2,762,279. This represents a 9.27% decrease in their ownership of the stock. Also, Director Jean-Louis Chapdelaine sold 14,898 shares of the firm's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of C$30.24, for a total value of C$450,515.52. Following the sale, the director owned 100,000 shares in the company, valued at C$3,024,000. The trade was a 12.97% decrease in their position. Insiders sold 81,747 shares of company stock worth $2,448,032 in the last three months. Insiders own 17.45% of the company's stock.

Savaria Company Profile

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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