FirstService (TSE:FSV) Stock Price Passes Above 200 Day Moving Average - Here's What Happened

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.

FirstService Co. (TSE:FSV - Get Free Report) NASDAQ: FSV's stock price crossed 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.

FirstService Price Performance

The firm has a market capitalization of C$8.73 billion, a price-to-earnings ratio of 80.54, a P/E/G ratio of 107.75 and a beta of 0.96. The company's 50 day moving average is C$257.25 and its 200 day moving average is C$247.29. The company has a quick ratio of 1.25, a current ratio of 1.81 and a debt-to-equity ratio of 136.54.

Insider Buying and Selling at FirstService

In other news, Senior Officer Jeremy Alan Rakusin sold 2,800 shares of the business's stock in a transaction that occurred on 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 Erin Joy Wallace sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of C$241.51, for a total transaction of C$724,519.02. Insiders have sold a total of 6,000 shares of company stock valued at $1,537,991 in the last ninety days. 10.26% of the stock is currently owned by company insiders.

About FirstService

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.