Sierra Wireless, Inc. (SW.TO) (TSE:SW) Hits New 1-Year High at $22.77


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Shares of Sierra Wireless, Inc. (SW.TO) (TSE:SW) (NASDAQ:SWIR) hit a new 52-week high on Thursday . The stock traded as high as C$22.77 and last traded at C$22.54, with a volume of 25257 shares changing hands. The stock had previously closed at C$21.11.

SW has been the topic of a number of recent analyst reports. National Bank Financial reaffirmed a “sector perform overweight” rating on shares of Sierra Wireless, Inc. (SW.TO) in a research report on Monday, October 26th. Colliers Securities reiterated a “buy” rating on shares of Sierra Wireless, Inc. (SW.TO) in a research report on Friday, December 11th.

The company has a debt-to-equity ratio of 17.48, a quick ratio of 0.61 and a current ratio of 1.55. The stock has a 50 day moving average of C$19.09 and a 200 day moving average of C$15.89. The stock has a market capitalization of C$823.18 million and a P/E ratio of -12.52.

Sierra Wireless, Inc. (SW.TO) (TSE:SW) (NASDAQ:SWIR) last posted its earnings results on Thursday, November 12th. The company reported C($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.31) by C($0.13). The company had revenue of C$151.07 million for the quarter, compared to analyst estimates of C$208.74 million. On average, research analysts anticipate that Sierra Wireless, Inc. will post 1.19 EPS for the current fiscal year.

In other Sierra Wireless, Inc. (SW.TO) news, Senior Officer Jason Lawrence Krause sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 27th. The shares were sold at an average price of C$18.32, for a total value of C$91,600.00. Following the completion of the sale, the insider now owns 23,902 shares in the company, valued at approximately C$437,884.64. Insiders have sold a total of 15,000 shares of company stock valued at $241,900 over the last ninety days.

About Sierra Wireless, Inc. (SW.TO) (TSE:SW)

Sierra Wireless, Inc, together with its subsidiaries, provides device-to-cloud Internet Of Things (IoT) solutions primarily in North America, Europe, and the Asia Pacific. The company operates through two segments, IoT Solutions and Embedded Broadband. The IoT Solutions segment offers recurring connectivity services, cloud management software, and cellular modules and gateways.

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