FirstService (TSE:FSV) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

FirstService Co. (TSE:FSV) (NASDAQ:FSV)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$202.14 and traded as low as C$198.16. FirstService shares last traded at C$201.67, with a volume of 142,746 shares traded.

Analysts Set New Price Targets

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

FirstService Price Performance

The company has a market cap of C$9.27 billion, a PE ratio of 56.81, a price-to-earnings-growth ratio of 107.75 and a beta of 0.85. The stock has a fifty day moving average price of C$190.25 and a 200-day moving average price of C$202.14. The company has a debt-to-equity ratio of 95.68, a current ratio of 1.26 and a quick ratio of 1.25.

FirstService (TSE:FSV) (NASDAQ:FSV) last issued its quarterly earnings results on Thursday, April 23rd. The company reported C$1.32 earnings per share for the quarter. The business had revenue of C$1.83 billion for the quarter. FirstService had a return on equity of 12.11% and a net margin of 2.93%. On average, equities analysts expect 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 firm’s stock in a transaction on Thursday, April 30th. The stock was purchased at an average cost of C$182.30 per share, for a total transaction of C$432,415.60. Following the transaction, the insider owned 8,872 shares of the company’s stock, valued at C$1,617,365.60. The trade was a 36.49% increase in their position. In the last three months, insiders bought 7,872 shares of company stock worth $1,431,216. Company insiders own 10.26% of the company’s stock.

FirstService Company Profile

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.