FirstService (TSE:FSV) Shares Cross Above 200 Day Moving Average - Here's Why

Key Points

• FirstService Co. (TSE:FSV) shares recently surpassed the 200-day moving average of C$246.67, reaching a high of C$278.70 during trading, with the last trade at C$276.50.
• The company has a market capitalization of C$8.77 billion and reports a high P/E ratio of 80.90 and a debt-to-equity ratio of 136.54.
• Insider trading includes the sale of 6,000 shares valued at approximately $1.54 million in the last three months, indicating potential insider sentiment about the stock's performance.

Shares of FirstService Co. (TSE:FSV - NASDAQ: FSV passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$246.67 and traded as high as C$278.70. FirstService shares last traded at C$276.50, with a volume of 52,908 shares traded.

FirstService Price Performance

The company has a debt-to-equity ratio of 136.54, a quick ratio of 1.25 and a current ratio of 1.81. The firm has a market capitalization of C$8.77 billion, a P/E ratio of 80.90, a P/E/G ratio of 107.75 and a beta of 0.96. The stock's 50 day simple moving average is C$255.14 and its 200 day simple moving average is C$246.67.

Insiders Place Their Bets

In related news, Director Joan Eloise Sproul sold 200 shares of FirstService stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of C$242.00, for a total value of C$48,400.00. Also, Senior Officer Jeremy Alan Rakusin sold 2,800 shares of FirstService 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. Insiders have sold 6,000 shares of company stock worth $1,537,991 in 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.

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