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FirstService (TSE:FSV) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

FirstService logo with Real Estate background

Key Points

  • FirstService Co. shares crossed above their two hundred day moving average of C$245.75, trading at a high of C$272.08 on Wednesday.
  • The company has a market cap of C$8.56 billion and a P/E ratio of 79.01, indicating a strong growth valuation.
  • Insider transactions included Senior Officer Jeremy Alan Rakusin selling 2,800 shares for C$765,072, contributing to a total of 6,000 shares sold by insiders in the last ninety days.
  • MarketBeat previews top five stocks to own in October.

FirstService Co. (TSE:FSV - Get Free Report) NASDAQ: FSV's stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$245.75 and traded as high as C$272.08. FirstService shares last traded at C$270.04, with a volume of 98,169 shares.

FirstService Trading Down 0.1%

The company has a market cap of C$8.62 billion, a P/E ratio of 79.50, a PEG ratio of 107.75 and a beta of 0.96. The company has a current ratio of 1.81, a quick ratio of 1.25 and a debt-to-equity ratio of 136.54. The business has a 50 day moving average price of C$248.63 and a 200-day moving average price of C$245.76.

Insider Activity at FirstService

In other FirstService news, Senior Officer Jeremy Alan Rakusin sold 2,800 shares of the business's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of C$273.24, for a total value of C$765,072.00. Also, Director Joan Eloise Sproul sold 200 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of C$242.00, for a total transaction of C$48,400.00. Insiders have sold 6,000 shares of company stock worth $1,537,991 over the last ninety days. Insiders own 10.26% of the company's stock.

FirstService Company Profile

(Get Free Report)

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.

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