Fiera Capital (TSE:FSZ) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Fiera Capital Co. (TSE:FSZ) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$5.77 and traded as low as C$5.24. Fiera Capital shares last traded at C$5.32, with a volume of 319,705 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. TD Securities cut their price objective on shares of Fiera Capital from C$6.50 to C$6.00 and set a “hold” rating on the stock in a research report on Friday, February 27th. National Bank Financial decreased their target price on shares of Fiera Capital from C$7.00 to C$6.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 12th. Royal Bank Of Canada set a C$6.00 price target on shares of Fiera Capital and gave the stock a “sector perform” rating in a research note on Tuesday, April 28th. Finally, Desjardins cut their price target on shares of Fiera Capital from C$6.50 to C$6.25 and set a “hold” rating on the stock in a report on Monday, April 27th. One analyst has rated the stock with a Moderate Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$5.32.

Fiera Capital Price Performance

The company has a market capitalization of C$564.27 million, a P/E ratio of 28.00, a PEG ratio of -0.87 and a beta of 1.12. The stock’s fifty day simple moving average is C$5.50 and its 200-day simple moving average is C$5.77. The company has a debt-to-equity ratio of 344.23, a current ratio of 21.93 and a quick ratio of 1.05.

Fiera Capital (TSE:FSZ) last posted its quarterly earnings data on Friday, May 8th. The company reported C$0.21 EPS for the quarter. Fiera Capital had a return on equity of 7.80% and a net margin of 5.98%.The business had revenue of C$153.31 million for the quarter. On average, equities analysts forecast that Fiera Capital Co. will post 1.0905563 earnings per share for the current fiscal 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.