Fiera Capital (TSE:FSZ) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Fiera Capital Co. (TSE:FSZ) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$6.88 and traded as low as C$6.35. Fiera Capital shares last traded at C$6.42, with a volume of 238,653 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently weighed in on FSZ shares. CIBC cut their price objective on shares of Fiera Capital from C$6.75 to C$6.50 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Scotiabank decreased their price target on Fiera Capital from C$8.75 to C$7.00 and set a “sector perform” rating for the company in a research note on Thursday, April 24th. Finally, Desjardins raised Fiera Capital to a “hold” rating in a research note on Tuesday, June 3rd. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat, Fiera Capital currently has an average rating of “Hold” and an average price target of C$7.04.

Fiera Capital Stock Performance

The firm has a market cap of C$5.78 million, a price-to-earnings ratio of 10.76, a P/E/G ratio of -0.87 and a beta of 0.87. The firm’s 50 day moving average price is C$6.08 and its 200-day moving average price is C$6.88. The company has a debt-to-equity ratio of 261.73, a current ratio of 1.31 and a quick ratio of 1.05.

Insider Activity at Fiera Capital

In other Fiera Capital news, Director Guy Masson purchased 20,000 shares of the stock in a transaction on Wednesday, June 11th. The shares were purchased at an average price of C$5.91 per share, with a total value of C$118,148.00. Also, Senior Officer Luca Emilio Pontillo sold 10,000 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of C$5.89, for a total transaction of C$58,898.00. Corporate insiders own 0.86% of the company’s stock.

About Fiera Capital

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.