Shares of Sierra Wireless, Inc. (TSE:SW – Get Rating) (NASDAQ:SWIR) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$41.20 and last traded at C$41.19, with a volume of 7624 shares trading hands. The stock had previously closed at C$41.09.
Analyst Ratings Changes
SW has been the topic of a number of recent research reports. Roth Capital lowered shares of Sierra Wireless from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 3rd. William Blair cut Sierra Wireless from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 3rd. Finally, B. Riley lowered Sierra Wireless from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 3rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$24.17.
Sierra Wireless Price Performance
The business’s 50 day simple moving average is C$38.02 and its 200-day simple moving average is C$29.78. The stock has a market capitalization of C$1.62 billion and a price-to-earnings ratio of -16.61. The company has a quick ratio of 1.14, a current ratio of 1.83 and a debt-to-equity ratio of 25.26.
About Sierra Wireless
Sierra Wireless, Inc, together with its subsidiaries, provides device-to-cloud Internet of Things (IoT) solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, IoT Solutions and Enterprise Solutions. The IoT Solutions segment offers cellular wireless IoT modules that provides original equipment manufacturers (OEMs) with 5G, 4G LTE, third generation/second generation, low power wide area, Wi-Fi, Bluetooth, and global navigation satellite system connectivity; embedded broadband solutions, including industrial-grade modules, which offers speed, bandwidth, and network performance for connecting to 5G and 4G networks; and IoT connectivity services.
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