Savaria (TSE:SIS) Trading 6.5% Higher

Shares of Savaria Co. (TSE:SIS) traded up 6.5% on Thursday . The stock traded as high as C$14.92 and last traded at C$14.83, 325,886 shares were traded during trading. An increase of 123% from the average session volume of 146,042 shares. The stock had previously closed at C$13.93.

Separately, National Bank Financial lowered their target price on shares of Savaria from C$17.00 to C$15.00 and set an “outperform” rating for the company in a research note on Friday, August 16th.

The firm has a market cap of $708.88 million and a price-to-earnings ratio of 39.30. The firm’s fifty day moving average is C$12.88 and its two-hundred day moving average is C$12.57. The company has a debt-to-equity ratio of 40.64, a current ratio of 2.85 and a quick ratio of 1.61.

Savaria (TSE:SIS) last posted its quarterly earnings data on Wednesday, August 14th. The company reported C$0.13 earnings per share for the quarter, hitting the consensus estimate of C$0.13. The company had revenue of C$93.99 million during the quarter, compared to analyst estimates of C$100.73 million. On average, equities analysts forecast that Savaria Co. will post 0.64 earnings per share for the current fiscal year.

About Savaria (TSE:SIS)

Savaria Corporation designs, engineers, and manufactures products for personal mobility in Canada, the United States, and internationally. The company operates in three segments: Accessibility, Adapted Vehicles, and the Span. The Accessibility segment manufactures and distributes residential and commercial accessibility equipment for people with mobility challenges; and operates network of franchisees and corporate stores.

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