Canadian Tech stocks To Watch Amidst COVID-19 Pandemic: Savaria Corporation (TSE:SIS), Cascades Inc. (TSE:CAS) and Quisitive Technology Solutions Inc. (CVE:QUIS)

Investment opportunities are increasingly cropping amidst the bloodbath triggered by coronavirus pandemic. A good chunk of Canadian stocks have registered steep pullbacks from an all-time high, presenting unique buy opportunities at highly discounted levels. Savaria Corporation (TSE: SIS), Cascades Inc. (TSE: CAS) and Quisitive Technology Solutions Inc. (CVE: QUIS) are some of the Canadian tech stocks worth watching as the COVID-19 continues to cause present investment opportunities in the stock market.

Savaria Mobility Equipment Opportunities

Savaria Corporation (TSE: SIS) stands out as a must-watch amidst the COVID-19 epidemic on the fact that it designs, engineers and manufactures products used to enhance personal mobility. #SIS manufactures and distributes equipment for people experiencing mobility challenges thus should be immune even as the global economy continues to suffer from the coronavirus.

The company designs manufacture and distribute stairlifts as well as curved stairs and inclined platform lifts and elevators for home and commercial use. Its Adapted Vehicle segment offers minivans with rear, side and dual entry for addressing needs of people with mobility challenges.

$SIS has increased sales from $120 million in 2016 to highs of $286 million in 2018. Sales are expected to clock highs of $412 million by 2021, with earnings growing at an average of 20%. Canada’s liberal migration policy should be a key driver of the company’s growth given the expected growth in demand for high rise condos as well as apartments

Quisitive Technology Microsoft Opportunity

Quisitive Technology Solutions Inc. (CVE: QUIS) us one of the few Canadian tech stocks that has been exploding in the market even as other stocks continue to register lower lows. #QUIS is already up by more than 40% for the year  outperforming the broader stock market that ahs turned bearish

The digital technology company has made a name for itself on the provision of Microsoft Corporation (NASDAQ:MSFT) solutions in North America. The company offers Microsoft cloud assessment cloud solutions as well as managed services. Quisitive is also engaged in the management and provision of artificial intelligence machine learning and big data.

The emerging tech company stands out as it is one of the few companies that have earned the National Solution Provider designation from #MSFT. With a market cap of about 40 million, it is a safe bet for long term investors looking to gain exposure to the Canadian tech industry.

Cascade COVID-19 Opportunity

Cascades Inc. (TSE: CAS) is a paper and packaging company that is doing exceedingly well as the coronavirus continues to trigger increased demand for household items. The company produces converts and sells tissue products composed of recycled fibers.

Similarly, $CAS  continues to experience increased demand for its line of products as people continue to quarantine themselves at home to avert the risk of getting infected. Huge demand for tissue papers sanitizers and canned goods both at home and abroad presents a unique opportunity for the company to grow its revenue base

The fact that tissue paper account for 30% of #CAS total revenue underscores the kind of impact the current demand is poised to have on the bottom line going forward. While the stock has pulled lower, now may be the best time to pay close watch to it as it is trading at a great discount relative to expected sales growth amidst the COVID-19 pandemic.

Subscribe to Money News Alerts

This article by Money News National is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Money News National has no position in the stocks mentioned. Thank you for reading.

__________________

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

LEAVE A REPLY

Please enter your comment!
Please enter your name here