Fiera Capital (TSE:FSZ) Shares Cross Below 200-Day Moving Average - Time to Sell?

Key Points

• Fiera Capital shares fell below their 200-day moving average in Wednesday trading, with the stock dipping to C$5.26 and last trading at C$5.32. This technical breakdown may signal weakening momentum for the shares.
• Recent analyst updates have been mixed to cautious, with RBC, National Bank Financial, and Desjardins all keeping relatively conservative views while trimming or holding price targets. MarketBeat shows a current consensus rating of Moderate Buy with an average price target of C$5.32.
• The company recently reported quarterly EPS of C$0.21 on revenue of C$153.31 million, and analysts expect full-year EPS of about 1.09. Fiera Capital also carries a notably high debt-to-equity ratio of 344.23.

Fiera Capital Co. (TSE:FSZ - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$5.62 and traded as low as C$5.26. Fiera Capital shares last traded at C$5.32, with a volume of 243,819 shares.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Royal Bank Of Canada set a C$6.00 price target on shares of Fiera Capital and gave the company a "sector perform" rating in a research report on Tuesday, April 28th. National Bank Financial reduced their target price on Fiera Capital from C$7.00 to C$6.00 and set a "sector perform" rating on the stock in a research note on Tuesday, May 12th. Finally, Desjardins dropped their price target on 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. One investment analyst has rated the stock with a Moderate Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$5.32.

Fiera Capital Stock Up 0.9%

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$5.36 and its 200 day moving average is C$5.62. The stock has a market cap of C$564.27 million, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of -0.87 and a beta of 1.05.

Fiera Capital (TSE:FSZ - Get Free Report) last released its quarterly earnings data on Friday, May 8th. The company reported C$0.21 EPS for the quarter. Fiera Capital had a return on equity of 7.80% and a net margin of 5.98%.The business 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.

Fiera Capital Company Profile

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.

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