FirstService (TSE:FSV) Stock Price Passes Below 200 Day Moving Average – Here’s Why

FirstService Co. (TSE:FSV) (NASDAQ:FSV) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$203.81 and traded as low as C$197.06. FirstService shares last traded at C$200.25, with a volume of 169,507 shares traded.

Analyst Upgrades and Downgrades

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

FirstService Stock Performance

The company has a market cap of C$9.21 billion, a price-to-earnings ratio of 56.41, a P/E/G ratio of 107.75 and a beta of 0.85. 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’s fifty day simple moving average is C$191.65 and its 200 day simple moving average is C$203.81.

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

Insider Buying and Selling

In other FirstService news, insider Firstservice Corporation acquired 2,372 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was bought at an average price of C$182.30 per share, for a total transaction of C$432,415.60. Following the acquisition, the insider owned 8,872 shares in the company, valued at approximately C$1,617,365.60. The trade was a 36.49% increase in their ownership of the stock. In the last three months, insiders have bought 7,872 shares of company stock valued at $1,431,216. 10.26% of the stock is currently 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.