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.

In other Sierra Wireless news, insider Bill Gary Dodson sold 1,203 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of C$26.00, for a total transaction of C$31,278.00. Also, Director August Daniel Schieler sold 4,829 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of C$19.20, for a total value of C$92,716.80. In the last 90 days, insiders have sold 13,250 shares of company stock valued at $272,917.

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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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