Fiera Capital (TSE:FSZ) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Fiera Capital Co. (TSE:FSZ)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$8.57 and traded as low as C$7.29. Fiera Capital shares last traded at C$7.37, with a volume of 281,324 shares.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. CIBC dropped their price objective on Fiera Capital from C$11.00 to C$9.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. National Bankshares raised their target price on Fiera Capital from C$8.00 to C$8.50 and gave the stock an “underperform” rating in a research note on Wednesday, October 30th. Scotiabank lowered their target price on Fiera Capital from C$10.50 to C$10.00 in a research note on Thursday, January 30th. TD Securities lifted their price target on Fiera Capital from C$9.00 to C$10.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Finally, Desjardins boosted their target price on Fiera Capital from C$7.75 to C$9.00 and gave the company a “hold” rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, Fiera Capital currently has a consensus rating of “Hold” and a consensus price target of C$8.93.

Fiera Capital Trading Up 0.4 %

The firm has a fifty day moving average of C$8.35 and a 200-day moving average of C$8.54. The company has a debt-to-equity ratio of 261.73, a quick ratio of 1.05 and a current ratio of 1.31. The stock has a market capitalization of C$814.33 million, a price-to-earnings ratio of 12.63, a P/E/G ratio of -0.87 and a beta of 1.64.

Insider Buying and Selling

In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of C$8.89, for a total transaction of C$93,028.60. Corporate insiders own 0.86% of the company’s stock.

Fiera Capital Company Profile

Fiera Capital Corporation is an employee owned investment manager. The firm primarily provides its services to institutional investors, mutual funds, charitable organizations, and private clients. It manages separate client-focused equity, fixed income, and balanced portfolios. The firm also launches and manages equity, fixed income, and balanced mutual funds and income trusts for its clients.