Savaria (TSE:SIS) Sets New 1-Year Low – Here’s Why

Savaria Co. (TSE:SIS)’s share price hit 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 trading hands. The stock had previously closed at C$16.22.

Wall Street Analysts Forecast Growth

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

Savaria Stock Up 1.9 %

The firm’s fifty day simple moving average is C$17.73 and its two-hundred day simple moving average is C$20.11. 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 company has a market capitalization of C$1.18 billion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90.

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.