Fiera Capital (TSE:FSZ) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Fiera Capital Co. (TSE:FSZ)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.41 and traded as low as C$6.08. Fiera Capital shares last traded at C$6.15, with a volume of 172,741 shares.

Wall Street Analyst Weigh In

Separately, Desjardins boosted their price target on Fiera Capital from C$6.23 to C$6.50 and gave the stock a “hold” rating in a research report on Wednesday, October 29th.

Fiera Capital Stock Up 0.8%

The company’s 50-day moving average is C$6.11 and its 200 day moving average is C$6.41. The stock has a market capitalization of C$655.73 million, a PE ratio of 22.78, a price-to-earnings-growth ratio of -0.87 and a beta of 1.23. The company has a current ratio of 1.31, a quick ratio of 1.05 and a debt-to-equity ratio of 261.73.

Fiera Capital (TSE:FSZ) last issued its quarterly earnings results on Thursday, November 13th. The company reported C$0.23 earnings per share (EPS) for the quarter. The business had revenue of C$167.09 million for the quarter. Fiera Capital had a net margin of 9.25% and a return on equity of 21.21%. As a group, analysts anticipate that Fiera Capital Co. will post 1.0905563 EPS 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.