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

Fiera Capital Co. (TSE:FSZ)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$6.09 and traded as low as C$5.21. Fiera Capital shares last traded at C$5.26, with a volume of 204,316 shares.

Analyst Ratings Changes

Several brokerages have recently commented on FSZ. National Bank Financial dropped their target price on shares of Fiera Capital from C$7.50 to C$7.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 4th. TD Securities reduced their price target 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. Finally, Desjardins decreased their price objective on shares of Fiera Capital from C$6.75 to C$6.50 and set a “hold” rating on the stock in a research note on Tuesday, February 3rd.

Fiera Capital Stock Performance

The company has a debt-to-equity ratio of 313.06, a quick ratio of 1.05 and a current ratio of 23.38. The firm has a market cap of C$560.84 million, a P/E ratio of 15.47, a P/E/G ratio of -0.87 and a beta of 1.10. The company’s 50 day moving average is C$5.78 and its 200 day moving average is C$6.09.

Fiera Capital (TSE:FSZ) last posted its earnings results on Thursday, February 26th. The company reported C$0.24 earnings per share for the quarter. The firm had revenue of C$180.06 million for the quarter. Fiera Capital had a net margin of 11.65% and a return on equity of 14.44%. As a group, equities analysts predict 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.