Fiera Capital (TSE:FSZ) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Fiera Capital Co. (TSE:FSZ) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.41 and traded as low as C$6.08. Fiera Capital shares last traded at C$6.15, with a volume of 172,741 shares changing hands.

Analysts Set New Price Targets

Separately, Desjardins lifted their target price on Fiera Capital from C$6.23 to C$6.50 and gave the stock a “hold” rating in a report on Wednesday, October 29th.

Fiera Capital Stock Performance

The company has a quick ratio of 1.05, a current ratio of 1.31 and a debt-to-equity ratio of 261.73. The firm has a 50 day moving average price of C$6.11 and a 200 day moving average price of C$6.41. The stock has a market cap of C$655.73 million, a PE ratio of 22.78, a price-to-earnings-growth ratio of -0.87 and a beta of 1.23.

Fiera Capital (TSE:FSZ) last issued its earnings results on Thursday, November 13th. The company reported C$0.23 earnings per share (EPS) for the quarter. Fiera Capital had a net margin of 9.25% and a return on equity of 21.21%. The company had revenue of C$167.09 million for the quarter. As a group, research analysts forecast that Fiera Capital Co. will post 1.0905563 earnings per share for the current year.

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. It invests in the public equity and fixed income markets across the globe with a focus on Canada. The firm primarily invests in growth and value stocks of small-cap companies.