Savaria (TSE:SIS) Shares Pass Below Fifty Day Moving Average - What's Next?

Key Points

• Savaria Co. shares have fallen below their fifty-day moving average of C$20.53, trading at C$20.50 with a volume of 136,609 shares.
• Analysts maintain a generally positive outlook, with six rating the stock as a Buy and a consensus target price of C$24.33.
• The company declared a dividend of $0.0467, set to be paid on October 8th, with a payout ratio of 70.61%.

Savaria Co. (TSE:SIS - Get Free Report) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$20.53 and traded as low as C$20.45. Savaria shares last traded at C$20.50, with a volume of 136,609 shares trading hands.

Analyst Ratings Changes

A number of research firms recently weighed in on SIS. Stifel Nicolaus raised their price target on shares of Savaria from C$24.00 to C$25.00 and gave the company a "buy" rating in a report on Friday, August 22nd. National Bankshares raised their price target on shares of 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 data from MarketBeat.com, Savaria currently has an average rating of "Buy" and a consensus target price of C$24.33.

Savaria Stock Performance

The company has a market capitalization of C$1.46 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 42.72 and a beta of 1.18. The company has a debt-to-equity ratio of 54.11, a quick ratio of 0.91 and a current ratio of 1.97. The company's fifty day simple moving average is C$20.53 and its two-hundred day simple moving average is C$18.90.

Savaria Dividend Announcement

The firm also recently declared a sep 25 dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Monday, September 29th will be given a $0.0467 dividend. Savaria's payout ratio is currently 70.61%.

Insider Activity

In other news, insider Alexandre Bourassa sold 25,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of C$21.18, for a total value of C$529,545.00. Following the transaction, the insider directly owned 20,000 shares in the company, valued at approximately C$423,636. This trade represents a 55.56% decrease in their position. Insiders own 17.45% of the company's stock.

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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