Sierra Wireless (NASDAQ:SWIR) Downgraded by BidaskClub to “Sell”

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BidaskClub cut shares of Sierra Wireless (NASDAQ:SWIR) (TSE:SW) from a hold rating to a sell rating in a research report report published on Thursday morning, BidAskClub reports.

Several other equities analysts have also weighed in on the stock. Raymond James set a $13.00 target price on shares of Sierra Wireless and gave the company a market perform rating in a report on Friday, February 14th. Royal Bank of Canada cut their price objective on shares of Sierra Wireless from $12.00 to $11.00 and set a sector perform rating on the stock in a report on Friday, February 14th. CIBC reiterated a sell rating and issued a $9.00 price objective on shares of Sierra Wireless in a report on Friday, February 14th. Zacks Investment Research upgraded shares of Sierra Wireless from a strong sell rating to a hold rating in a report on Thursday, January 9th. Finally, ValuEngine lowered shares of Sierra Wireless from a strong-buy rating to a buy rating in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Sierra Wireless currently has a consensus rating of Hold and a consensus price target of $10.10.

Shares of NASDAQ:SWIR traded down $0.03 during midday trading on Thursday, hitting $8.88. 377,000 shares of the company’s stock traded hands, compared to its average volume of 258,997. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.25 and a current ratio of 1.54. The company has a market cap of $322.48 million, a PE ratio of -4.55 and a beta of 1.81. The firm’s fifty day moving average price is $9.73 and its two-hundred day moving average price is $10.12. Sierra Wireless has a twelve month low of $7.72 and a twelve month high of $14.55.

A number of hedge funds have recently modified their holdings of SWIR. New York State Teachers Retirement System bought a new stake in shares of Sierra Wireless in the 4th quarter worth about $54,000. Boston Partners bought a new stake in shares of Sierra Wireless in the 3rd quarter worth about $83,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Sierra Wireless in the 4th quarter worth about $83,000. Tower Research Capital LLC TRC increased its position in shares of Sierra Wireless by 1,048.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,116 shares of the communications equipment provider’s stock worth $87,000 after purchasing an additional 8,322 shares during the last quarter. Finally, Aigen Investment Management LP bought a new stake in shares of Sierra Wireless in the 4th quarter worth about $107,000. Hedge funds and other institutional investors own 31.03% of the company’s stock.

Sierra Wireless Company Profile

Sierra Wireless, Inc, together with its subsidiaries, manufactures and sells cellular wireless devices, and provide services in the wireless communications and information technology industry in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its Original Equipment Manufacturer (OEM) Solutions segment offers embedded cellular modules, short range wireless modules, global navigation satellite system modules, software, and tools to integrate wireless connectivity into various products and solutions for OEM customers, including the embedded wireless modules product portfolio; cloud-based remote device and data management solutions; and Legato, an open source Linux-based platform.

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Analyst Recommendations for Sierra Wireless (NASDAQ:SWIR)

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