Sierra Wireless Inc. (NASDAQ:SWIR) was down 2.7% during mid-day trading on Friday . The company traded as low as $17.56 and last traded at $17.59, with a volume of 173,957 shares changing hands. The stock had previously closed at $18.08.

A number of equities research analysts recently issued reports on SWIR shares. Canaccord Genuity reissued a “buy” rating on shares of Sierra Wireless in a report on Monday, March 28th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $20.00 price objective on shares of Sierra Wireless in a report on Thursday, May 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $21.25.

The company has a market capitalization of $549.57 million and a P/E ratio of 73.28. The firm has a 50-day moving average of $17.95 and a 200 day moving average of $15.55.

Sierra Wireless (NASDAQ:SWIR) last released its quarterly earnings results on Thursday, May 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.07. During the same period last year, the firm earned $0.22 EPS. The firm had revenue of $142.80 million for the quarter, compared to analyst estimates of $139.85 million. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. On average, equities research analysts forecast that Sierra Wireless Inc. will post $0.69 EPS for the current year.

Several hedge funds and institutional investors have recently added to or reduced their stakes in SWIR. Morgan Stanley increased its position in Sierra Wireless by 21.7% in the fourth quarter. Morgan Stanley now owns 111,992 shares of the company’s stock valued at $1,763,000 after buying an additional 19,965 shares during the period. Baker Chad R purchased a new position in Sierra Wireless during the fourth quarter valued at about $2,451,000. Finally, I.G. Investment Management LTD. purchased a new position in Sierra Wireless during the fourth quarter valued at about $4,875,000.

Sierra Wireless, Inc offers second generation (2G), third generation (3G) and fourth generation (4G) cellular embedded wireless modules and gateways. The Company offers products to original equipment manufacturers (OEMs) and enterprises. It operates through three segments: OEM Solutions, Enterprise Solutions, and Cloud and Connectivity Services.

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