Sierra Wireless (SW) Hits New 52-Week Low at $19.06
Sierra Wireless, Inc. (TSE:SW) (NASDAQ:SWIR) reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$19.06 and last traded at C$19.22, with a volume of 495577 shares trading hands. The stock had previously closed at C$23.08.
SW has been the subject of a number of recent research reports. TD Securities lowered 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.
The company has a market capitalization of $641.95, a P/E ratio of 22.40 and a beta of 2.39.
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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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