Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) saw unusually large options trading activity on Tuesday. Traders bought 3,157 call options on the stock. This is an increase of 1,183% compared to the average daily volume of 246 call options.

Several equities research analysts have recently commented on SWIR shares. BidaskClub downgraded shares of Sierra Wireless from a “hold” rating to a “sell” rating in a research report on Friday, May 25th. National Bank Financial downgraded shares of Sierra Wireless from an “outperform” rating to a “sector perform” rating in a research report on Thursday, May 31st. ValuEngine downgraded shares of Sierra Wireless from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 2nd. Zacks Investment Research raised shares of Sierra Wireless from a “sell” rating to a “hold” rating in a research report on Saturday, July 7th. Finally, Royal Bank of Canada decreased their target price on shares of Sierra Wireless from $23.00 to $20.00 and set a “sector perform” rating for the company in a research report on Monday, July 30th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. Sierra Wireless presently has a consensus rating of “Hold” and an average target price of $23.60.

A number of institutional investors have recently added to or reduced their stakes in SWIR. Global X Management Co. LLC boosted its holdings in Sierra Wireless by 20.0% during the first quarter. Global X Management Co. LLC now owns 26,199 shares of the communications equipment provider’s stock worth $432,000 after purchasing an additional 4,374 shares during the last quarter. Engineers Gate Manager LP purchased a new position in Sierra Wireless during the first quarter worth about $527,000. Trigran Investments Inc. purchased a new position in Sierra Wireless during the first quarter worth about $920,000. Quantbot Technologies LP boosted its holdings in Sierra Wireless by 221.5% during the first quarter. Quantbot Technologies LP now owns 6,463 shares of the communications equipment provider’s stock worth $106,000 after purchasing an additional 4,453 shares during the last quarter. Finally, PCJ Investment Counsel Ltd. boosted its holdings in Sierra Wireless by 92.5% during the first quarter. PCJ Investment Counsel Ltd. now owns 31,570 shares of the communications equipment provider’s stock worth $520,000 after purchasing an additional 15,170 shares during the last quarter. Institutional investors and hedge funds own 25.29% of the company’s stock.

Sierra Wireless stock opened at $21.40 on Wednesday. Sierra Wireless has a fifty-two week low of $15.10 and a fifty-two week high of $23.50. The stock has a market cap of $709.26 million, a P/E ratio of 36.90, a PEG ratio of 2.44 and a beta of 2.98. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.33 and a current ratio of 1.61.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last released its quarterly earnings results on Thursday, August 2nd. The communications equipment provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.06. Sierra Wireless had a negative net margin of 2.96% and a positive return on equity of 1.73%. The business had revenue of $201.90 million for the quarter, compared to analysts’ expectations of $199.17 million. During the same period in the previous year, the company earned $0.30 earnings per share. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. research analysts anticipate that Sierra Wireless will post 0.67 earnings per share for the current year.

About Sierra Wireless

Sierra Wireless, Inc, together with its subsidiaries, engages in building the Internet of Things (IoT) with intelligent wireless solutions in North America, Europe, and the Asia Pacific. It operates in three segments: Original Equipment Manufacturer (OEM) Solutions, Enterprise Solutions, and Cloud and Connectivity Services.

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