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Savaria (TSE:SIS) Shares Cross Below 200-Day Moving Average - Here's Why

Savaria logo with Industrials background

Savaria Co. (TSE:SIS - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$19.59 and traded as low as C$16.13. Savaria shares last traded at C$16.53, with a volume of 89,256 shares traded.

Analysts Set New Price Targets

A number of equities analysts have commented on SIS shares. Stifel Nicolaus cut their price objective on shares of 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. TD Securities reduced their price objective on shares of Savaria from C$25.00 to C$22.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Cormark upgraded shares of Savaria from a "hold" rating to a "moderate buy" rating in a research report on Friday, March 7th. Raymond James decreased their price target on Savaria from C$27.50 to C$24.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. Finally, National Bankshares decreased their price target on Savaria from C$27.00 to C$24.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of C$23.57.

Get Our Latest Stock Report on Savaria

Savaria Price Performance

The company has a debt-to-equity ratio of 54.11, a quick ratio of 0.91 and a current ratio of 1.97. The company has a market capitalization of C$1.21 billion, a price-to-earnings ratio of 26.27, a P/E/G ratio of 42.72 and a beta of 0.90. The company has a fifty day simple moving average of C$16.79 and a two-hundred day simple moving average of C$19.48.

Savaria Company Profile

(Get Free Report)

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.

See Also

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