Sierra Wireless (TSE:SW) Stock Price Down 0.8% – Here’s Why

Sierra Wireless, Inc. (TSE:SW) (NASDAQ:SWIR) dropped 0.8% during mid-day trading on Monday . The stock traded as low as C$40.99 and last traded at C$40.99. Approximately 4,354 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 43,269 shares. The stock had previously closed at C$41.32.

Sierra Wireless Price Performance

The company has a debt-to-equity ratio of 30.50, a current ratio of 1.76 and a quick ratio of 1.04. The company has a market cap of C$1.60 billion and a price-to-earnings ratio of -16.45. The company’s 50-day simple moving average is C$40.99.

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.