Savaria (TSE:SIS) Stock Price Crosses Below Fifty Day Moving Average of $14.66

Savaria Co. (TSE:SIS – Get Rating)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$14.66 and traded as low as C$14.66. Savaria shares last traded at C$14.72, with a volume of 24,102 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SIS shares. Stifel Nicolaus dropped their target price on Savaria from C$25.00 to C$24.00 in a report on Friday, October 14th. National Bankshares dropped their target price on Savaria from C$19.50 to C$19.00 and set an “outperform” rating for the company in a report on Thursday, November 3rd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$20.80.

Savaria Price Performance

The company has a current ratio of 1.93, a quick ratio of 0.91 and a debt-to-equity ratio of 105.70. The stock has a 50 day moving average of C$14.66 and a 200-day moving average of C$14.10. The stock has a market capitalization of C$947.95 million and a P/E ratio of 37.74.

Savaria (TSE:SIS – Get Rating) last issued its earnings results on Wednesday, November 2nd. The company reported C$0.18 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.19 by C($0.01). The business had revenue of C$201.39 million during the quarter, compared to analyst estimates of C$197.20 million. On average, equities research analysts anticipate that Savaria Co. will post 0.81 earnings per share for the current fiscal year.

Savaria Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were given a dividend of $0.043 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date was Thursday, December 29th. Savaria’s dividend payout ratio (DPR) is presently 128.72%.

Insider Buying and Selling at Savaria

In other news, Director Jean-Louis Chapdelaine sold 10,000 shares of Savaria stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of C$15.34, for a total value of C$153,410.00. Following the transaction, the director now directly owns 105,000 shares in the company, valued at approximately C$1,610,805.

Savaria Company Profile

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Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally. The company operates in three segments: Accessibility, Patient Care, and Adapted Vehicles. The Accessibility segment designs, manufactures, distributes, and installs accessibility products, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair platform lifts for commercial and residential applications, and accessibility and home elevators.