FirstService (TSE:FSV) Reaches New 1-Year High - What's Next?

Key Points

• FirstService Co. achieved a new 52-week high, trading as high as C$279.31, with a current trading value of C$276.75.
• The company has a market capitalization of C$8.81 billion and a P/E ratio of 81.31, indicating a high valuation relative to earnings.
• Insider transactions indicate selling pressure, with 6,000 shares sold by company insiders worth approximately $1.5 million in the last quarter.

FirstService Co. (TSE:FSV - Get Free Report) NASDAQ: FSV shares hit a new 52-week high on Tuesday . The stock traded as high as C$279.31 and last traded at C$276.75, with a volume of 14862 shares trading hands. The stock had previously closed at C$273.52.

FirstService Trading Up 0.7%

The company has a market capitalization of C$8.77 billion, a price-to-earnings ratio of 80.90, a P/E/G ratio of 107.75 and a beta of 0.96. The company has a quick ratio of 1.25, a current ratio of 1.81 and a debt-to-equity ratio of 136.54. The company's 50 day simple moving average is C$255.14 and its two-hundred day simple moving average is C$246.65.

Insider Buying and Selling at FirstService

In other FirstService news, Director Erin Joy Wallace sold 3,000 shares of the firm's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of C$241.51, for a total value of C$724,519.02. Also, Senior Officer Jeremy Alan Rakusin sold 2,800 shares of the firm's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of C$273.24, for a total transaction of C$765,072.00. Insiders sold a total of 6,000 shares of company stock worth $1,537,991 over the last three months. Corporate 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.