Fiera Capital (TSE:FSZ) Share Price Passes Below 200 Day Moving Average – Here’s Why

Fiera Capital Co. (TSE:FSZ)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$6.09 and traded as low as C$5.21. Fiera Capital shares last traded at C$5.26, with a volume of 204,316 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FSZ. TD Securities decreased their target price on 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. National Bank Financial decreased their price objective 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. Finally, Desjardins dropped their price objective on shares of Fiera Capital from C$6.75 to C$6.50 and set a “hold” rating on the stock in a research report on Tuesday, February 3rd.

Fiera Capital Stock Up 0.2%

The stock has a 50-day moving average of C$5.78 and a 200-day moving average of C$6.09. The company has a debt-to-equity ratio of 313.06, a current ratio of 23.38 and a quick ratio of 1.05. The firm has a market cap of C$560.84 million, a price-to-earnings ratio of 15.47, a P/E/G ratio of -0.87 and a beta of 1.10.

Fiera Capital (TSE:FSZ) last announced its quarterly earnings data on Thursday, February 26th. The company reported C$0.24 earnings per share for the quarter. The firm had revenue of C$180.06 million during the quarter. Fiera Capital had a return on equity of 14.44% and a net margin of 11.65%. Sell-side analysts predict that Fiera Capital Co. will post 1.0905563 EPS for the current fiscal year.

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. 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.