Savaria (TSE:SIS) Shares Cross Above 50-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)'s share price passed 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 changing hands.

Analyst Upgrades and Downgrades

SIS has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their price target on Savaria from C$24.00 to C$25.00 and gave the company a "buy" rating in a report on Friday, August 22nd. TD Securities lifted their price target on Savaria from C$22.00 to C$24.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, National Bankshares lifted their price target on Savaria from C$24.00 to C$26.00 and gave the company an "outperform" rating in a report on Monday, August 11th. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, Savaria currently has a consensus rating of "Buy" and a consensus price target of C$24.33.

Savaria Stock Down 0.1%

The firm has a market cap of C$1.51 billion, a P/E ratio of 32.65, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90. The firm's 50 day moving average is C$20.04 and its two-hundred day moving average is C$18.52. The company has a current ratio of 1.97, a quick ratio of 0.91 and a debt-to-equity ratio of 54.11.

About Savaria

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.