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

Savaria Co. (TSE:SIS - Get Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$17.44 and traded as high as C$19.60. Savaria shares last traded at C$19.44, with a volume of 28,417 shares traded.

Analyst Upgrades and Downgrades

SIS has been the subject of a number of analyst reports. Stifel Nicolaus decreased their price objective on shares of Savaria from C$25.00 to C$24.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Raymond James lowered their price target on Savaria from C$27.50 to C$24.00 and set an "outperform" rating on the stock in a research report on Friday, March 7th. TD Securities boosted their price target 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. Cormark raised Savaria from a "hold" rating to a "moderate buy" rating in a research report on Friday, March 7th. Finally, National Bankshares lowered their price target on Savaria from C$27.00 to C$24.00 and set an "outperform" rating on the stock in a research report on Friday, March 7th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Savaria presently has a consensus rating of "Buy" and a consensus price target of C$23.83.

Savaria Trading Down 2.2%

The stock has a market capitalization of C$1.38 billion, a P/E ratio of 29.81, a P/E/G ratio of 42.72 and a beta of 0.90. The company has a current ratio of 1.97, a quick ratio of 0.91 and a debt-to-equity ratio of 54.11. The business has a 50-day moving average price of C$17.55 and a two-hundred day moving average price of C$18.76.

Insider Buying and Selling at Savaria

In related news, Director Alain Tremblay sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of C$19.61, for a total transaction of C$196,092.00. Company insiders own 17.45% of the company's stock.

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.