Savaria (TSE:SIS) Share Price Passes Above 50 Day Moving Average - Here's What Happened

Key Points

• Savaria Co. (TSE:SIS) shares have surpassed the 50-day moving average of C$20.88, reaching a high of C$21.55 in trading, with the current price at C$21.48.
• Equities research analysts have expressed positive sentiment, with upgrades in price objectives from Stifel Nicolaus and National Bankshares, indicating a consensus target price of C$24.33 and a "Buy" rating.
• The company declared a dividend of $0.0467, which was paid on October 8, and has a current dividend payout ratio of 70.61%.

Savaria Co. (TSE:SIS - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$20.88 and traded as high as C$21.55. Savaria shares last traded at C$21.48, with a volume of 51,982 shares.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Stifel Nicolaus boosted their price objective on Savaria from C$24.00 to C$25.00 and gave the stock a "buy" rating in a research note on Friday, August 22nd. National Bankshares boosted their price objective on Savaria from C$24.00 to C$26.00 and gave the stock an "outperform" rating in a research note on Monday, August 11th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Savaria currently has a consensus rating of "Buy" and a consensus target price of C$24.33.

Savaria Stock Down 0.1%

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 business has a 50-day moving average price of C$20.88 and a 200-day moving average price of C$19.52. The firm has a market capitalization of C$1.53 billion, a PE ratio of 28.26, a price-to-earnings-growth ratio of 42.72 and a beta of 1.17.

Savaria Dividend Announcement

The business also recently declared a sep 25 dividend, which was paid on Wednesday, October 8th. Stockholders of record on Monday, September 29th were given a $0.0467 dividend. Savaria's dividend payout ratio (DPR) is presently 70.61%.

Insider Activity

In other news, insider Alexandre Bourassa sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of C$21.18, for a total value of C$529,545.00. Following the completion of the sale, the insider directly owned 20,000 shares in the company, valued at C$423,636. This represents a 55.56% decrease in their ownership of the stock. 17.45% of the stock is owned by company insiders.

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.

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