Savaria (TSE:SIS) Stock Crosses Above 50 Day Moving Average of $16.56

Savaria Co. (TSE:SIS - Get Free Report)'s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$16.56 and traded as high as C$16.70. Savaria shares last traded at C$16.60, with a volume of 36,539 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. National Bankshares upped their price objective on Savaria from C$19.50 to C$20.50 and gave the company an "outperform" rating in a research report on Thursday, March 7th. Stifel Nicolaus cut their price target on Savaria from C$25.00 to C$23.00 and set a "buy" rating for the company in a research note on Friday, March 8th. Raymond James raised their price objective on Savaria from C$18.00 to C$19.00 and gave the company an "outperform" rating in a research report on Friday, March 8th. Scotiabank raised their price objective on Savaria from C$17.00 to C$21.50 and gave the company an "outperform" rating in a research report on Friday, March 8th. Finally, Desjardins raised their price objective on Savaria from C$20.50 to C$22.50 and gave the company a "buy" rating in a research report on Friday, March 8th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of C$21.21.

Savaria Stock Performance

The company has a market cap of C$1.18 billion, a P/E ratio of 29.30, a PEG ratio of 42.72 and a beta of 0.85. The firm has a 50 day moving average of C$16.57 and a 200-day moving average of C$15.16. The company has a quick ratio of 0.91, a current ratio of 1.98 and a debt-to-equity ratio of 58.17.

Savaria (TSE:SIS - Get Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The company reported C$0.19 EPS for the quarter, beating the consensus estimate of C$0.18 by C$0.01. The firm had revenue of C$216.84 million for the quarter, compared to analyst estimates of C$214.78 million. Savaria had a return on equity of 7.55% and a net margin of 4.52%. As a group, sell-side analysts anticipate that Savaria Co. will post 0.7945271 EPS for the current fiscal year.

Savaria Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.043 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.52 annualized dividend and a dividend yield of 3.09%. Savaria's dividend payout ratio is currently 91.23%.

Insiders Place Their Bets

In other news, Senior Officer Jean-Philippe De Montigny purchased 17,980 shares of the firm's stock in a transaction on Thursday, January 18th. The stock was acquired at an average cost of C$14.94 per share, with a total value of C$268,621.20. 19.86% of the stock is currently owned by corporate insiders.

About Savaria

Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally. The company operates in two segments, Accessibility and Patient Care. The Accessibility segment designs, manufactures, distributes, and installs a portfolio of accessibility products, including commercial and home elevators, stairlifts, platform lifts, and wheelchair lowered-floor accessible conversions for selected brands of minivans, personal, residential, or commercial applications.