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

Shares of 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$205.58 and traded as low as C$184.32. FirstService shares last traded at C$186.49, with a volume of 150,968 shares.

Wall Street Analyst Weigh In

FSV has been the topic of several recent analyst reports. TD decreased their price objective on shares of FirstService from C$217.00 to C$201.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. TD Securities upped their price objective on shares of FirstService from C$211.00 to C$217.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat, FirstService presently has an average rating of “Buy” and an average target price of C$209.00.

FirstService Stock Performance

The firm’s fifty day moving average price is C$190.84 and its 200 day moving average price is C$205.58. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 95.68. The stock has a market capitalization of C$8.58 billion, a price-to-earnings ratio of 52.53, a price-to-earnings-growth ratio of 107.75 and a beta of 0.84.

FirstService (TSE:FSV) (NASDAQ:FSV) last issued its quarterly earnings data 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 firm had revenue of C$1.83 billion for the quarter. Analysts forecast that FirstService Co. will post 7.5161189 EPS for the current fiscal year.

Insider Transactions at FirstService

In other FirstService news, insider Firstservice Corporation bought 2,372 shares of FirstService stock in a transaction on Thursday, April 30th. The shares were bought at an average cost of C$182.30 per share, for a total transaction of C$432,415.60. Following the acquisition, the insider directly owned 8,872 shares in the company, valued at C$1,617,365.60. This represents a 36.49% increase in their ownership of the stock. In the last quarter, insiders have purchased 7,872 shares of company stock worth $1,431,216. 10.26% of the stock is owned by corporate 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.