Sierra Wireless (SW) Reaches New 12-Month Low at $23.03
Sierra Wireless, Inc. (TSE:SW) (NASDAQ:SWIR) hit a new 52-week low on Friday . The stock traded as low as C$23.03 and last traded at C$23.19, with a volume of 264112 shares traded. The stock had previously closed at C$24.01.
Several equities research analysts recently weighed in on the stock. TD Securities reduced their price target on shares of Sierra Wireless to C$36.00 and set a “hold” rating on the stock in a research report on Friday, November 3rd. Raymond James Financial upgraded shares of Sierra Wireless from a “market perform” rating to an “outperform” rating and set a C$38.00 price target on the stock in a research report on Monday, November 27th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of C$31.60.
The firm has a market capitalization of $779.93, a PE ratio of 27.60 and a beta of 2.88.
In other news, insider Bill Gary Dodson sold 1,569 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of C$26.40, for a total value of C$41,421.60. Also, Director Jason W. Cohenour sold 5,649 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of C$19.03, for a total transaction of C$107,500.47. Insiders have sold 13,250 shares of company stock worth $272,917 in the last quarter.
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About Sierra Wireless
Sierra Wireless, Inc is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Company’s OEM Solution segment offers cellular embedded wireless modules for IoT connectivity, including an embedded application framework to support customer applications. The Company’s Enterprise Solution segment offers intelligent routers and gateways, including management tools and applications that enable cellular connectivity.
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