Savaria (TSE:SIS) Share Price Passes Below 200 Day Moving Average – Here’s Why

Savaria Co. (TSE:SIS) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.

Wall Street Analysts Forecast Growth

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

Savaria Trading Up 0.5 %

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 company has a market capitalization of C$1.44 billion, a price-to-earnings ratio of 31.26, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90. The firm has a fifty day moving average price of C$21.80 and a 200-day moving average price of C$20.33.

Savaria Announces Dividend

The company 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. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Thursday, October 31st. Savaria’s dividend payout ratio (DPR) is presently 83.08%.

Insider Buying and Selling

In related news, Director Sylvain Dumoulin sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of C$22.00, for a total transaction of C$110,000.00. Also, Senior Officer Jean-Philippe De Montigny bought 19,545 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were bought at an average cost of C$22.96 per share, for a total transaction of C$448,753.20. 17.45% of the stock is currently owned by company 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.