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

Fiera Capital Co. (TSE:FSZ)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$5.98 and traded as low as C$5.36. Fiera Capital shares last traded at C$5.41, with a volume of 242,597 shares changing hands.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FSZ. TD Securities cut their price target on shares of Fiera Capital from C$6.50 to C$6.00 and set a “hold” rating on the stock in a report on Friday, February 27th. Desjardins dropped their target price on shares of Fiera Capital from C$6.75 to C$6.50 and set a “hold” rating on the stock in a report on Tuesday, February 3rd. Finally, National Bank Financial dropped their target price on shares of Fiera Capital from C$7.50 to C$7.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 4th.

Fiera Capital Stock Up 0.4%

The company has a current ratio of 23.38, a quick ratio of 1.05 and a debt-to-equity ratio of 313.06. The stock has a market cap of C$576.83 million, a P/E ratio of 15.91, a P/E/G ratio of -0.87 and a beta of 1.04. The firm’s fifty day moving average is C$5.60 and its 200 day moving average is C$5.98.

Fiera Capital (TSE:FSZ) last posted its quarterly earnings results on Thursday, February 26th. The company reported C$0.24 earnings per share (EPS) for the quarter. The company had revenue of C$180.06 million for the quarter. Fiera Capital had a net margin of 11.65% and a return on equity of 14.44%. As a group, equities research analysts forecast that Fiera Capital Co. will post 1.0905563 EPS 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.