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

Savaria Co. (TSE:SIS)’s stock price reached a new 52-week low 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.

Analysts Set New Price Targets

SIS has been the topic of several research analyst reports. National Bankshares cut their target price on shares of Savaria from C$27.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Raymond James reduced their target price on Savaria from C$27.50 to C$24.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. TD Securities dropped their price target on Savaria from C$25.00 to C$22.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Cormark raised Savaria from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 7th. Finally, Stifel Nicolaus lowered their target price 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. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Savaria currently has an average rating of “Buy” and an average price target of C$23.57.

Savaria Stock Performance

The company has a 50-day moving average of C$17.50 and a 200-day moving average of C$20.02. The company has a market cap of C$1.14 billion, a PE ratio of 24.77, 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.

About Savaria

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.