Savaria (TSE:SIS) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Savaria Co. (TSE:SIS) shares 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.

Wall Street Analyst Weigh In

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

Savaria Stock Up 0.5 %

The company has a market capitalization of C$1.44 billion, a PE ratio of 31.26, a P/E/G ratio of 42.72 and a beta of 0.90. The stock’s fifty day moving average is C$21.80 and its two-hundred day moving average is C$20.33. The company has a current ratio of 1.94, a quick ratio of 0.91 and a debt-to-equity ratio of 56.50.

Savaria Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given 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 of this dividend was Thursday, October 31st. Savaria’s dividend payout ratio is currently 83.08%.

Insider Transactions at Savaria

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 acquired 19,545 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average cost of C$22.96 per share, with a total value of C$448,753.20. 17.45% of the stock is currently owned by company insiders.

About Savaria

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.