Rene Fernando Link Sells 1,049 Shares of Sierra Wireless, Inc. (TSE:SW) Stock

Sierra Wireless, Inc. (TSE:SW) (NASDAQ:SWIR) Senior Officer Rene Fernando Link sold 1,049 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of C$17.24, for a total value of C$18,083.92. Following the transaction, the insider now directly owns 24,491 shares of the company’s stock, valued at approximately C$422,205.25.

Shares of TSE SW traded down C$0.04 during trading hours on Tuesday, hitting C$15.71. 33,334 shares of the company’s stock were exchanged, compared to its average volume of 59,152. Sierra Wireless, Inc. has a 1-year low of C$14.35 and a 1-year high of C$29.38. The company has a debt-to-equity ratio of 7.75, a current ratio of 1.69 and a quick ratio of 1.27. The stock has a market cap of $569.38 million and a PE ratio of -20.62. The firm has a 50-day moving average of C$15.68.

Sierra Wireless (TSE:SW) (NASDAQ:SWIR) last posted its quarterly earnings data on Thursday, May 9th. The company reported C($0.25) earnings per share for the quarter, missing the consensus estimate of C($0.19) by C($0.06). The company had revenue of C$231.10 million during the quarter, compared to analyst estimates of C$228.27 million. On average, research analysts predict that Sierra Wireless, Inc. will post 1.19 earnings per share for the current year.

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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