Sierra Wireless (NASDAQ:SWIR) Hits New 52-Week High at $17.97


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Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $17.97 and last traded at $17.92, with a volume of 9303 shares traded. The stock had previously closed at $16.64.

Several analysts have issued reports on the stock. Raymond James set a $13.00 price target on shares of Sierra Wireless and gave the stock a “market perform” rating in a research report on Friday, November 13th. B. Riley initiated coverage on shares of Sierra Wireless in a research report on Thursday. They set a “buy” rating and a $23.50 target price on the stock. Canaccord Genuity reiterated a “buy” rating and set a $14.00 target price on shares of Sierra Wireless in a research report on Friday, November 13th. Colliers Securities reiterated a “buy” rating on shares of Sierra Wireless in a research report on Friday, December 11th. Finally, National Bank Financial reiterated a “sector perform overweight” rating on shares of Sierra Wireless in a research report on Monday, October 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.95.

The company has a market capitalization of $652.11 million, a P/E ratio of -8.71 and a beta of 2.37. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.25 and a quick ratio of 0.93. The stock’s 50 day simple moving average is $14.92 and its two-hundred day simple moving average is $12.11.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last announced its earnings results on Thursday, November 12th. The communications equipment provider reported ($0.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.10). The company had revenue of $113.37 million during the quarter, compared to the consensus estimate of $156.40 million. Sierra Wireless had a negative return on equity of 11.20% and a negative net margin of 10.68%. As a group, equities research analysts expect that Sierra Wireless, Inc. will post -1.37 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Schonfeld Strategic Advisors LLC bought a new stake in Sierra Wireless during the third quarter worth $193,000. Polar Asset Management Partners Inc. grew its stake in shares of Sierra Wireless by 16.4% in the third quarter. Polar Asset Management Partners Inc. now owns 2,004,437 shares of the communications equipment provider’s stock valued at $29,786,000 after acquiring an additional 282,622 shares in the last quarter. Segall Bryant & Hamill LLC grew its stake in shares of Sierra Wireless by 42.6% in the third quarter. Segall Bryant & Hamill LLC now owns 864,106 shares of the communications equipment provider’s stock valued at $9,644,000 after acquiring an additional 258,222 shares in the last quarter. Brandes Investment Partners LP grew its stake in shares of Sierra Wireless by 31.2% in the third quarter. Brandes Investment Partners LP now owns 373,357 shares of the communications equipment provider’s stock valued at $4,167,000 after acquiring an additional 88,779 shares in the last quarter. Finally, Trigran Investments Inc. grew its stake in shares of Sierra Wireless by 6.4% in the third quarter. Trigran Investments Inc. now owns 5,127,014 shares of the communications equipment provider’s stock valued at $57,217,000 after acquiring an additional 306,326 shares in the last quarter. 45.53% of the stock is owned by institutional investors and hedge funds.

About Sierra Wireless (NASDAQ:SWIR)

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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