Savaria (TSE:SIS) Shares Pass Above Fifty Day Moving Average – Time to Sell?

Savaria Co. (TSE:SIS)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$21.32 and traded as high as C$22.53. Savaria shares last traded at C$22.08, with a volume of 72,679 shares traded.

Analyst Ratings Changes

Several research analysts have commented on the company. Stifel Nicolaus lifted their target price on Savaria from C$24.00 to C$25.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. TD Securities raised their price objective on Savaria from C$24.00 to C$27.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Scotiabank lifted their price objective on Savaria from C$25.00 to C$26.00 in a research note on Monday, November 10th. Finally, National Bankshares increased their target price on shares of Savaria from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research report on Monday, August 11th. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, Savaria has a consensus rating of “Buy” and an average price target of C$25.50.

Savaria Price Performance

The company has a market capitalization of C$1.51 billion, a price-to-earnings ratio of 24.36, a P/E/G ratio of 42.72 and a beta of 1.26. The business has a 50 day moving average price of C$21.36 and a 200-day moving average price of C$20.35. The company has a debt-to-equity ratio of 54.11, a quick ratio of 0.91 and a current ratio of 1.97.

Savaria (TSE:SIS) last released its earnings results on Wednesday, November 5th. The company reported C$0.27 earnings per share (EPS) for the quarter. The company had revenue of C$224.77 million for the quarter. Savaria had a net margin of 5.34% and a return on equity of 8.24%. Research analysts predict that Savaria Co. will post 1.2048518 EPS for the current fiscal year.

Savaria Dividend Announcement

The firm also recently disclosed a sep 25 dividend, which was paid on Wednesday, October 8th. Stockholders of record on Monday, September 29th were issued a dividend of $0.0467 per share. Savaria’s dividend payout ratio is currently 62.26%.

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.