FirstService (TSE:FSV) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

FirstService Co. (TSE:FSV) (NASDAQ:FSV)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$202.14 and traded as low as C$198.16. FirstService shares last traded at C$201.67, with a volume of 142,746 shares trading hands.

Analysts Set New Price Targets

Separately, TD decreased their price objective on shares of FirstService from C$217.00 to C$201.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$209.00.

FirstService Trading Up 2.5%

The company has a 50 day simple moving average of C$190.31 and a two-hundred day simple moving average of C$202.04. The company has a debt-to-equity ratio of 95.68, a quick ratio of 1.25 and a current ratio of 1.26. The company has a market cap of C$9.50 billion, a PE ratio of 58.21, a PEG ratio of 107.75 and a beta of 0.85.

FirstService (TSE:FSV) (NASDAQ:FSV) last posted its quarterly earnings results on Thursday, April 23rd. The company reported C$1.32 EPS for the quarter. FirstService had a net margin of 2.93% and a return on equity of 12.11%. The business had revenue of C$1.83 billion during the quarter. Sell-side analysts forecast that FirstService Co. will post 7.5161189 EPS for the current year.

Insider Activity

In related news, insider Firstservice Corporation bought 2,372 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was bought at an average price of C$182.30 per share, with a total value of C$432,415.60. Following the purchase, the insider directly owned 8,872 shares of the company’s stock, valued at approximately C$1,617,365.60. This represents a 36.49% increase in their position. Over the last three months, insiders have acquired 7,872 shares of company stock worth $1,431,216. Company insiders own 10.26% of the company’s stock.

FirstService Company Profile

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.