Savaria (TSE:SIS) Reaches New 52-Week Low – Here’s What Happened

Savaria Co. (TSE:SIS) shares reached a new 52-week low on Monday . The company traded as low as C$15.95 and last traded at C$16.09, with a volume of 11803 shares. The stock had previously closed at C$16.22.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Raymond James lowered their price target on shares of Savaria from C$27.50 to C$24.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Stifel Nicolaus lowered their target price on shares of Savaria from C$25.00 to C$24.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Scotiabank cut their price target on shares of Savaria from C$25.00 to C$22.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. Desjardins lowered their price objective on Savaria from C$27.00 to C$25.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Finally, TD Securities cut their target price on Savaria from C$25.00 to C$22.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Savaria presently has a consensus rating of “Buy” and a consensus price target of C$23.57.

Savaria Stock Down 1.2 %

The company has a market cap of C$1.16 billion, a P/E ratio of 25.08, a PEG ratio of 42.72 and a beta of 0.90. The company has a quick ratio of 0.91, a current ratio of 1.97 and a debt-to-equity ratio of 54.11. The firm has a fifty day moving average price of C$17.88 and a 200 day moving average price of C$20.16.

Savaria Company Profile

Savaria Corp designs, engineers, and manufactures products for personal mobility. Its products include home elevators, wheelchair lifts, commercial elevators, ceiling lifts, stairlifts, and van conversions. The company’s operating segments are the Accessibility, Adapted Vehicles, and Patient Handling, divisions.