Savaria (TSE:SIS) Shares Pass Below 200 Day Moving Average – Should You Sell?

Shares of Savaria Co. (TSE:SIS) 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.

Analyst Upgrades and Downgrades

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

Savaria Stock 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 stock’s 50 day simple moving average is C$21.92 and its 200 day simple moving average is C$20.34. The firm has a market cap of C$1.44 billion, a P/E ratio of 31.26, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90.

Savaria Announces Dividend

The firm 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 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend was Thursday, October 31st. Savaria’s payout ratio is presently 83.08%.

Insider Activity at Savaria

In related news, Director Sylvain Dumoulin sold 5,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was 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 purchased 19,545 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was bought 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 owned by 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.