FirstService (TSE:FSV) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

FirstService Co. (TSE:FSV) (NASDAQ:FSV) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$201.80 and traded as low as C$198.41. FirstService shares last traded at C$200.75, with a volume of 78,625 shares.

Analysts Set New Price Targets

Separately, TD reduced their price target on FirstService from C$217.00 to C$201.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$209.00.

FirstService Stock Performance

The company has a quick ratio of 1.25, a current ratio of 1.26 and a debt-to-equity ratio of 95.68. The company has a market capitalization of C$9.23 billion, a PE ratio of 56.55, a PEG ratio of 107.75 and a beta of 0.79. The business has a 50 day simple moving average of C$190.51 and a 200 day simple moving average of C$201.80.

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

Insider Buying and Selling

In related news, insider Firstservice Corporation bought 2,372 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were bought at an average price of C$182.30 per share, with a total value of C$432,415.60. Following the transaction, the insider owned 8,872 shares in the company, valued at approximately C$1,617,365.60. This trade represents a 36.49% increase in their ownership of the stock. In the last ninety days, insiders have purchased 7,872 shares of company stock valued at $1,431,216. 10.26% of the stock is owned by company insiders.

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.