Savaria (TSE:SIS) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Savaria Co. (TSE:SIS) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$23.64 and traded as high as C$25.43. Savaria shares last traded at C$24.71, with a volume of 89,731 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Scotiabank lifted their price target on Savaria from C$25.00 to C$26.00 in a research note on Monday, November 10th. National Bank Financial lifted their target price on Savaria from C$26.00 to C$30.00 in a research report on Monday, December 22nd. TD Securities increased their target price on shares of Savaria from C$24.00 to C$27.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Finally, Stifel Nicolaus lifted their price target on shares of Savaria from C$26.00 to C$28.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$26.67.

Savaria Stock Up 1.9%

The stock has a 50 day moving average price of C$23.72 and a 200 day moving average price of C$22.02. The stock has a market capitalization of C$1.80 billion, a price-to-earnings ratio of 28.95, a price-to-earnings-growth ratio of 42.72 and a beta of 1.04. 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 (TSE:SIS) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$0.32 earnings per share (EPS) for the quarter. Savaria had a return on equity of 8.24% and a net margin of 5.34%.The company had revenue of C$224.77 million during the quarter. As a group, analysts forecast that Savaria Co. will post 1.2048518 EPS for the current year.

Savaria Company Profile

Savaria Corporation ( savaria.com ) is a global leader in the accessibility industry. It provides accessibility solutions for the physically challenged to increase their comfort, their mobility and their independence. Its product line is one of the most comprehensive on the market. Savaria designs, manufactures, distributes and installs accessibility equipment, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts and elevators for home and commercial use. It also manufactures and markets a comprehensive selection of pressure management products for the medical market, medical beds for the long-term care market, as well as an extensive line of medical equipment and solutions for the safe handling of patients, including ceiling lifts and slings.