Savaria (TSE:SIS) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Savaria Co. (TSE:SIS)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$20.67 and traded as low as C$18.20. Savaria shares last traded at C$18.31, with a volume of 119,645 shares.

Analyst Ratings Changes

A number of brokerages have recently commented on SIS. Cormark downgraded Savaria from a “buy” rating to a “market perform” rating in a research report on Monday, November 11th. TD Securities lowered their price target on Savaria from C$30.00 to C$25.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Finally, National Bankshares increased their price objective on shares of Savaria from C$22.00 to C$27.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.64.

Savaria Price Performance

The company has a market capitalization of C$1.30 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90. The company has a quick ratio of 0.91, a current ratio of 1.94 and a debt-to-equity ratio of 56.50. The company has a 50 day simple moving average of C$20.00 and a 200 day simple moving average of C$20.67.

Savaria (TSE:SIS) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.24 EPS for the quarter, beating the consensus estimate of C$0.23 by C$0.01. Savaria had a net margin of 5.25% and a return on equity of 8.95%. During the same period last year, the business earned $0.18 EPS. As a group, research analysts predict that Savaria Co. will post 1.2048518 EPS for the current year.

Insider Activity

In related news, Senior Officer Jean-Philippe De Montigny bought 19,545 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average cost of C$22.96 per share, for a total transaction of C$448,753.20. Insiders own 17.45% of the company’s stock.

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.