Sierra Wireless (NASDAQ:SWIR) (TSE:SW) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Friday, ValuEngine reports.

Other equities analysts have also recently issued research reports about the company. Raymond James reaffirmed a “buy” rating on shares of Canadian Natural Resources in a report on Friday, May 10th. National Bank Financial upped their price target on Yamana Gold from C$3.75 to C$4.00 and gave the stock a “sector perform” rating in a report on Friday, May 10th. BidaskClub cut Xperi from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 19th. Finally, Zacks Investment Research cut G1 Therapeutics from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $17.39.

NASDAQ SWIR traded up $0.03 during trading hours on Friday, reaching $11.76. The company’s stock had a trading volume of 119,286 shares, compared to its average volume of 259,295. The stock has a market capitalization of $425.85 million, a price-to-earnings ratio of 90.46, a price-to-earnings-growth ratio of 294.50 and a beta of 2.18. Sierra Wireless has a 1-year low of $10.80 and a 1-year high of $22.58. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.69 and a quick ratio of 1.37. The firm has a 50-day moving average price of $12.11.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last released its quarterly earnings results on Thursday, May 9th. The communications equipment provider reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.03. The company had revenue of $173.81 million during the quarter, compared to analysts’ expectations of $172.24 million. Sierra Wireless had a positive return on equity of 0.40% and a negative net margin of 3.52%. Sierra Wireless’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 EPS.

A number of large investors have recently bought and sold shares of SWIR. Mascoma Wealth Management LLC increased its stake in Sierra Wireless by 77.3% during the 1st quarter. Mascoma Wealth Management LLC now owns 2,660 shares of the communications equipment provider’s stock worth $33,000 after buying an additional 1,160 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in Sierra Wireless during the 1st quarter worth approximately $76,000. Armor Investment Advisors LLC purchased a new stake in Sierra Wireless during the 1st quarter worth approximately $125,000. Legal & General Group Plc increased its stake in Sierra Wireless by 251.8% during the 4th quarter. Legal & General Group Plc now owns 14,416 shares of the communications equipment provider’s stock worth $193,000 after buying an additional 10,318 shares in the last quarter. Finally, WealthTrust Axiom LLC increased its stake in Sierra Wireless by 9.7% during the 1st quarter. WealthTrust Axiom LLC now owns 17,000 shares of the communications equipment provider’s stock worth $210,000 after buying an additional 1,500 shares in the last quarter. Institutional investors own 26.73% of the company’s stock.

About Sierra Wireless

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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