Sierra Wireless Inc. (NASDAQ:SWIR) was up 2.8% on Thursday . The company traded as high as $17.80 and last traded at $17.80, with a volume of 139,392 shares changing hands. The stock had previously closed at $17.31.

A number of equities research analysts recently weighed in on SWIR shares. Canaccord Genuity reiterated a “buy” rating on shares of Sierra Wireless in a report on Monday, March 28th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $20.00 price objective on shares of Sierra Wireless in a report on Thursday, May 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $21.96.

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

Sierra Wireless (NASDAQ:SWIR) last posted its earnings results on Thursday, May 5th. The company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.07. The company earned $142.80 million during 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. During the same period in the previous year, the company earned $0.22 EPS. On average, analysts expect that Sierra Wireless Inc. will post $0.69 earnings per share for the current year.

Other hedge funds and institutional investors recently bought and sold shares of the company. Morgan Stanley boosted its position in Sierra Wireless by 21.7% in the fourth quarter. Morgan Stanley now owns 111,992 shares of the company’s stock worth $1,763,000 after buying an additional 19,965 shares during the last quarter. Baker Chad R bought a new position in Sierra Wireless during the fourth quarter worth approximately $2,451,000. Finally, I.G. Investment Management LTD. bought a new position in Sierra Wireless during the fourth quarter worth approximately $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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