Savaria (TSE:SIS) Shares Pass Above Fifty Day Moving Average - Should You Sell?

Key Points

• Savaria Co. (TSE:SIS) shares crossed above their 50-day moving average of C$19.88, trading as high as C$20.93, and last seen at C$20.82 with a trading volume of 69,523 shares.
• Analysts have recently raised their price targets for Savaria, with TD Securities increasing their target to C$24.00 and National Bankshares to C$26.00, resulting in an average rating of "Buy" with a target of C$24.17.
• The company's stock has a market capitalization of C$1.50 billion, a P/E ratio of 32.57, and operates in personal mobility products including home elevators and wheelchair lifts.

Savaria Co. (TSE:SIS - Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$19.88 and traded as high as C$20.93. Savaria shares last traded at C$20.82, with a volume of 69,523 shares traded.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. TD Securities lifted their target price on Savaria from C$22.00 to C$24.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. National Bankshares lifted their target price on Savaria from C$24.00 to C$26.00 and gave the stock an "outperform" rating in a research report on Monday, August 11th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of C$24.17.

Savaria Stock Performance

The company has a debt-to-equity ratio of 54.11, a current ratio of 1.97 and a quick ratio of 0.91. The stock has a market capitalization of C$1.50 billion, a P/E ratio of 32.57, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90. The company has a fifty day moving average of C$19.88 and a two-hundred day moving average of C$18.44.

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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