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

Fiera Capital Co. (TSE:FSZ)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.74 and traded as low as C$5.25. Fiera Capital shares last traded at C$5.36, with a volume of 232,732 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on FSZ shares. National Bank Financial cut their price objective on shares of Fiera Capital from C$7.00 to C$6.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 12th. Desjardins cut their price objective on shares of Fiera Capital from C$6.50 to C$6.25 and set a “hold” rating for the company in a research report on Monday, April 27th. Royal Bank Of Canada set a C$6.00 price objective on shares of Fiera Capital and gave the company a “sector perform” rating in a research report on Tuesday, April 28th. Finally, TD Securities cut their price objective on shares of Fiera Capital from C$6.50 to C$6.00 and set a “hold” rating for the company in a research report on Friday, February 27th. One research analyst has rated the stock with a Moderate Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$5.36.

Fiera Capital Stock Up 2.3%

The company has a debt-to-equity ratio of 344.23, a current ratio of 21.93 and a quick ratio of 1.05. The firm’s 50-day moving average is C$5.50 and its 200 day moving average is C$5.74. The stock has a market cap of C$568.51 million, a price-to-earnings ratio of 28.21, a price-to-earnings-growth ratio of -0.87 and a beta of 1.05.

Fiera Capital (TSE:FSZ) last released its quarterly earnings data on Friday, May 8th. The company reported C$0.21 earnings per share (EPS) for the quarter. Fiera Capital had a net margin of 5.98% and a return on equity of 7.80%. The company had revenue of C$153.31 million during the quarter. Sell-side analysts anticipate 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.