Savaria (TSE:SIS) Share Price Passes Above 50-Day Moving Average - Time to Sell?

Savaria Co. (TSE:SIS - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$21.75 and traded as high as C$22.83. Savaria shares last traded at C$22.83, with a volume of 65,160 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SIS. Scotiabank set a C$25.00 price target on Savaria and gave the company an "outperform" rating in a report on Thursday, September 26th. TD Securities upped their target price on shares of Savaria from C$23.00 to C$24.00 and gave the company a "buy" rating in a report on Thursday, August 8th. Desjardins boosted their price target on shares of Savaria from C$25.00 to C$26.00 and gave the company a "buy" rating in a research report on Monday, September 23rd. Stifel Nicolaus raised their price objective on Savaria from C$24.00 to C$25.00 and gave the stock a "buy" rating in a report on Tuesday, August 20th. Finally, National Bankshares lifted their target price on Savaria from C$22.00 to C$27.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Savaria has an average rating of "Buy" and an average target price of C$25.50.

Savaria Stock Performance

The stock has a fifty day moving average of C$21.80 and a 200-day moving average of C$19.40. 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 stock has a market cap of C$1.58 billion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90.

Savaria (TSE:SIS - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported C$0.22 EPS for the quarter, topping the consensus estimate of C$0.20 by C$0.02. Savaria had a net margin of 5.25% and a return on equity of 8.95%. The company had revenue of C$221.34 million during the quarter, compared to analysts' expectations of C$213.08 million. On average, equities analysts forecast that Savaria Co. will post 1.2048518 EPS for the current year.

Savaria Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a $0.045 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.54 annualized dividend and a dividend yield of 2.42%. Savaria's dividend payout ratio is currently 83.08%.

Insider Buying and Selling

In other Savaria news, Director Jean-Louis Chapdelaine sold 25,000 shares of the firm's stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$20.84, for a total value of C$521,000.00. In other news, Senior Officer Sylvain Aubry sold 20,002 shares of the firm's stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$20.75, for a total value of C$415,041.50. Also, Director Jean-Louis Chapdelaine sold 25,000 shares of the business's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$20.84, for a total transaction of C$521,000.00. Insiders have sold 50,002 shares of company stock valued at $1,046,042 over the last quarter. Company 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.