Savaria (TSE:SIS) Stock Passes Above Fifty Day Moving Average – What’s Next?

Savaria Co. (TSE:SIS)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$21.75 and traded as high as C$22.83. Savaria shares last traded at C$22.83, with a volume of 65,160 shares traded.

Analyst Ratings Changes

Several research analysts recently issued reports on SIS shares. Desjardins raised their target price on Savaria from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Stifel Nicolaus lifted their price objective on Savaria from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Raymond James lifted their price objective on Savaria from C$25.00 to C$27.50 and gave the stock an “outperform” rating in a research report on Friday, September 13th. TD Securities boosted their target price on Savaria from C$23.00 to C$24.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, National Bankshares boosted their target price on Savaria from C$22.00 to C$27.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$25.50.

Savaria Price Performance

The company has a current ratio of 1.94, a quick ratio of 0.91 and a debt-to-equity ratio of 56.50. The company has a market cap of C$1.62 billion, a P/E ratio of 35.12, a PEG ratio of 42.72 and a beta of 0.90. The business’s fifty day moving average is C$21.75 and its 200 day moving average is C$19.37.

Savaria (TSE:SIS) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.22 EPS for the quarter, topping analysts’ consensus estimates of C$0.20 by C$0.02. The company had revenue of C$221.34 million for the quarter, compared to analysts’ expectations of C$213.08 million. Savaria had a net margin of 5.25% and a return on equity of 8.95%. As a group, sell-side analysts anticipate that Savaria Co. will post 1.2048518 EPS for the current year.

Savaria Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.045 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.54 dividend on an annualized basis and a yield of 2.37%. Savaria’s payout ratio is 83.08%.

Insider Buying and Selling at Savaria

In other Savaria news, Senior Officer Sylvain Aubry sold 20,002 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$20.75, for a total transaction of C$415,041.50. In other Savaria news, Senior Officer Sylvain Aubry sold 20,002 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$20.75, for a total transaction of C$415,041.50. Also, Director Sylvain Dumoulin sold 5,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of C$22.00, for a total transaction of C$110,000.00. Insiders have sold 50,002 shares of company stock valued at $1,046,042 in the last 90 days. 17.45% of the stock is currently owned by company 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.