Sierra Wireless Inc. (NASDAQ:SWIR)’s share price was down 4.4% during trading on Tuesday . The stock traded as low as $16.89 and last traded at $16.95, with a volume of 320,758 shares traded. The stock had previously closed at $17.73.

Several equities analysts have recently commented on SWIR shares. Zacks Investment Research raised shares of Sierra Wireless from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Thursday, July 21st. Canaccord Genuity reissued a “buy” rating and issued a $20.00 target price on shares of Sierra Wireless in a report on Friday, May 6th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $20.00 target price on shares of Sierra Wireless in a report on Thursday, May 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Sierra Wireless currently has an average rating of “Hold” and an average price target of $20.35.

The stock has a market cap of $534.13 million and a price-to-earnings ratio of 71.22. The firm’s 50-day moving average price is $17.30 and its 200-day moving average price is $15.80.

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

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