Savaria (TSE:SIS) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Savaria Co. (TSE:SIS)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$20.88 and traded as high as C$21.55. Savaria shares last traded at C$21.48, with a volume of 51,982 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SIS. National Bankshares raised their price target on Savaria from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Monday, August 11th. Stifel Nicolaus raised their price target on Savaria from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$24.33.

Savaria Stock Performance

The firm has a market capitalization of C$1.53 billion, a PE ratio of 28.26, a price-to-earnings-growth ratio of 42.72 and a beta of 1.17. The firm has a 50-day moving average price of C$20.88 and a 200 day moving average price of C$19.52. The company has a quick ratio of 0.91, a current ratio of 1.97 and a debt-to-equity ratio of 54.11.

Savaria Dividend Announcement

The business also recently announced a sep 25 dividend, which was paid on Wednesday, October 8th. Investors of record on Monday, September 29th were issued a $0.0467 dividend. Savaria’s dividend payout ratio (DPR) is presently 70.61%.

Insider Transactions at Savaria

In related news, insider Alexandre Bourassa sold 25,000 shares of Savaria stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of C$21.18, for a total value of C$529,545.00. Following the completion of 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 ownership of the stock. 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.