Savaria (TSE:SIS) Reaches New 1-Year Low – Should You Sell?

Savaria Co. (TSE:SIS)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as C$14.97 and last traded at C$15.16, with a volume of 27089 shares trading hands. The stock had previously closed at C$15.70.

Wall Street Analysts Forecast Growth

Several research firms have commented on SIS. Scotiabank dropped their target price on shares of Savaria from C$25.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Stifel Nicolaus cut their price objective on Savaria from C$25.00 to C$24.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Raymond James decreased their target price on Savaria from C$27.50 to C$24.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Cormark raised shares of Savaria from a “hold” rating to a “moderate buy” rating in a report on Friday, March 7th. Finally, Desjardins decreased their price objective on shares of Savaria from C$27.00 to C$25.00 and set a “buy” rating for the company in a report on Friday, March 7th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$23.57.

Savaria Trading Up 0.8 %

The company has a market cap of C$1.14 billion, a PE ratio of 24.77, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90. The company has a current ratio of 1.97, a quick ratio of 0.91 and a debt-to-equity ratio of 54.11. The firm has a fifty day moving average of C$17.50 and a two-hundred day moving average of C$20.02.

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.