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

Fiera Capital Co. (TSE:FSZ) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$5.62 and traded as low as C$5.26. Fiera Capital shares last traded at C$5.32, with a volume of 243,819 shares changing hands.

Analyst Upgrades and Downgrades

FSZ has been the subject of a number of analyst reports. Royal Bank Of Canada set a C$6.00 price target on Fiera Capital and gave the stock a “sector perform” rating in a report on Tuesday, April 28th. Desjardins reduced their target price on shares of Fiera Capital from C$6.50 to C$6.25 and set a “hold” rating on the stock in a research report on Monday, April 27th. Finally, 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 note on Tuesday, May 12th. One investment analyst has rated the stock with a Moderate Buy rating, According to MarketBeat.com, the stock presently 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 cap of C$564.27 million, a P/E ratio of 28.00, a P/E/G ratio of -0.87 and a beta of 1.05. The company’s 50-day moving average price is C$5.36 and its two-hundred day moving average price is C$5.62. The company has a current ratio of 21.93, a quick ratio of 1.05 and a debt-to-equity ratio of 344.23.

Fiera Capital (TSE:FSZ) last issued its quarterly earnings results on Friday, May 8th. The company reported C$0.21 EPS for the quarter. The business had revenue of C$153.31 million for the quarter. Fiera Capital had a net margin of 5.98% and a return on equity of 7.80%. As a group, sell-side analysts expect that Fiera Capital Co. will post 1.0905563 earnings per share 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.