Shares of Sierra Wireless Inc. (NASDAQ:SWIR) saw strong trading volume on Tuesday . 216,817 shares changed hands during mid-day trading, an increase of 5% from the previous session’s volume of 205,943 shares.The stock last traded at $18.02 and had previously closed at $17.61.

Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $20.00 target price on shares of Sierra Wireless in a report on Thursday, May 5th. Zacks Investment Research lowered shares of Sierra Wireless from a “buy” rating to a “hold” rating in a report on Friday. Finally, Canaccord Genuity reissued a “buy” rating and set a $20.00 price objective on shares of Sierra Wireless in a report on Friday, May 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $20.35.

The stock’s 50-day moving average price is $17.52 and its 200-day moving average price is $15.66. The firm has a market cap of $564.06 million and a P/E ratio of 75.21.

Sierra Wireless (NASDAQ:SWIR) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.07. The firm earned $142.80 million during the quarter, compared to the consensus estimate of $139.85 million. The business’s revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 EPS. Analysts anticipate that Sierra Wireless Inc. will post $0.69 earnings per share for the current year.

An institutional investor recently bought a new position in Sierra Wireless stock. I.G. Investment Management LTD. acquired a new stake in Sierra Wireless Inc. (NASDAQ:SWIR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 309,720 shares of the company’s stock, valued at approximately $4,875,000. I.G. Investment Management LTD. owned approximately 0.96% of Sierra Wireless as of its most recent SEC filing.

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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