Sierra Wireless (TSE:SW) Reaches New 52-Week High at $41.20

Sierra Wireless, Inc. (TSE:SWGet Rating) (NASDAQ:SWIR)’s share price reached a new 52-week high during mid-day 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 changing hands. The stock had previously closed at C$41.09.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SW. Roth Capital lowered shares of Sierra Wireless from a “buy” rating to a “neutral” rating in a report on Wednesday, August 3rd. William Blair lowered shares of Sierra Wireless from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 3rd. Finally, B. Riley downgraded Sierra Wireless from a “buy” rating to a “neutral” rating in a report on Wednesday, August 3rd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$24.17.

Sierra Wireless Stock Up 0.4 %

The stock’s 50-day moving average price is C$38.02 and its 200-day moving average price is C$29.78. The company has a current ratio of 1.83, a quick ratio of 1.14 and a debt-to-equity ratio of 25.26. The stock has a market cap of C$1.62 billion and a price-to-earnings ratio of -16.61.

About Sierra Wireless

(Get Rating)

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.

Further Reading

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