FirstService (TSE:FSV) Shares Pass Below 200-Day Moving Average – Should You Sell?

FirstService Co. (TSE:FSV) (NASDAQ:FSV)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$244.53 and traded as low as C$215.50. FirstService shares last traded at C$222.17, with a volume of 167,383 shares.

Analyst Ratings Changes

FSV has been the subject of a number of research analyst reports. Scotiabank upgraded shares of FirstService from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. TD Securities reduced their target price on shares of FirstService from C$213.00 to C$211.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy” and an average price target of C$211.00.

FirstService Trading Up 2.6%

The firm’s 50 day moving average is C$214.56 and its 200 day moving average is C$244.53. The company has a debt-to-equity ratio of 136.54, a current ratio of 1.81 and a quick ratio of 1.25. The company has a market cap of C$10.16 billion, a PE ratio of 73.32, a PEG ratio of 107.75 and a beta of 0.95.

FirstService (TSE:FSV) (NASDAQ:FSV) last announced its quarterly earnings results on Thursday, October 23rd. The company reported C$1.76 EPS for the quarter. The firm had revenue of C$2.02 billion during the quarter. FirstService had a net margin of 2.19% and a return on equity of 10.05%. On average, equities analysts anticipate that FirstService Co. will post 7.5161189 earnings per share for the current year.

About FirstService

FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives, and generates most of the company’s revenue. FirstService Brands provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertPro Painters; Pillar to Post; Floor Coverings International; College Pro Painters; and Service America.