Savaria (TSE:SIS) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Savaria Co. (TSE:SIS) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$20.34 and traded as low as C$20.15. Savaria shares last traded at C$20.32, with a volume of 35,295 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SIS shares. Cormark downgraded Savaria from a “buy” rating to a “market perform” rating in a research report on Monday, November 11th. Desjardins upped their price objective on shares of Savaria from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Scotiabank set a C$25.00 target price on shares of Savaria and gave the company an “outperform” rating in a report on Thursday, September 26th. National Bankshares upped their price target on shares of Savaria from C$22.00 to C$27.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Raymond James lifted their price objective on shares of Savaria from C$25.00 to C$27.50 and gave the company an “outperform” rating in a research note on Friday, September 13th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$25.50.

Savaria Stock Up 0.5 %

The company has a market capitalization of C$1.44 billion, a P/E ratio of 31.26, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90. The company has a debt-to-equity ratio of 56.50, a quick ratio of 0.91 and a current ratio of 1.94. The firm’s fifty day moving average is C$21.92 and its 200-day moving average is C$20.34.

Savaria Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were issued a dividend of $0.045 per share. The ex-dividend date was Thursday, October 31st. This represents a $0.54 annualized dividend and a dividend yield of 2.66%. Savaria’s dividend payout ratio (DPR) is presently 83.08%.

Insider Activity

In other Savaria news, Senior Officer Jean-Philippe De Montigny purchased 19,545 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was purchased at an average price of C$22.96 per share, with a total value of C$448,753.20. Also, Director Sylvain Dumoulin sold 5,000 shares of Savaria stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of C$22.00, for a total transaction of C$110,000.00. 17.45% of the stock is owned by corporate insiders.

Savaria Company Profile

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.