Sierra Wireless (SW) Stock Price Down 0.8%
Shares of Sierra Wireless, Inc. (TSE:SW) (NASDAQ:SWIR) fell 0.8% during trading on Friday . The stock traded as low as C$25.86 and last traded at C$26.14. 65,832 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 107,536 shares. The stock had previously closed at C$25.94.
Several brokerages have recently commented on SW. TD Securities reduced their target price on Sierra Wireless to C$36.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. Raymond James Financial upgraded Sierra Wireless from a “market perform” rating to an “outperform” rating and set a C$38.00 target price for the company in a research note on Monday, November 27th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of C$31.60.
The stock has a market capitalization of $824.42, a P/E ratio of 29.37 and a beta of 2.87.
In other Sierra Wireless news, Director August Daniel Schieler sold 4,829 shares of Sierra Wireless stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of C$19.20, for a total transaction of C$92,716.80. Also, insider Bill Gary Dodson sold 1,569 shares of Sierra Wireless stock in a transaction dated Friday, November 24th. The shares were sold at an average price of C$26.40, for a total value of C$41,421.60. Insiders have sold a total of 13,250 shares of company stock valued at $272,917 in the last quarter.
About Sierra Wireless
Sierra Wireless, Inc is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Company’s OEM Solution segment offers cellular embedded wireless modules for IoT connectivity, including an embedded application framework to support customer applications. The Company’s Enterprise Solution segment offers intelligent routers and gateways, including management tools and applications that enable cellular connectivity.
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