Savaria (TSE:SIS) Share Price Passes Above 50-Day Moving Average After Insider Selling

Savaria Co. (TSE:SIS)’s share price passed above its 50-day moving average during trading on Monday following insider buying activity. The stock has a 50-day moving average of C$17.11 and traded as high as C$19.80. Savaria shares last traded at C$19.72, with a volume of 42,196 shares.

Wall Street Analyst Weigh In

SIS has been the subject of several recent research reports. Raymond James reduced their price target on Savaria from C$27.50 to C$24.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Stifel Nicolaus reduced their price target on Savaria from C$25.00 to C$24.00 and set a “buy” rating for the company in a research report on Friday, March 7th. National Bankshares reduced their price target on Savaria from C$27.00 to C$24.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Scotiabank reduced their price target on Savaria from C$25.00 to C$22.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Finally, TD Securities lifted their price target on Savaria from C$22.00 to C$24.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Six 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 price target of C$23.83.

Savaria Price Performance

The firm has a market capitalization of C$1.42 billion, a PE ratio of 30.85, a PEG ratio of 42.72 and a beta of 0.90. The stock has a 50-day moving average price of C$17.11 and a 200 day moving average price of C$18.89. The company has a quick ratio of 0.91, a current ratio of 1.97 and a debt-to-equity ratio of 54.11.

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.