Fiera Capital (TSE:FSZ) Share Price Crosses Below 200-Day Moving Average - Should You Sell?

Key Points

• Fiera Capital shares fell below their 200-day moving average, trading as low as C$4.26 and last changing hands at C$4.28, versus the 200-day average of C$5.11.
• Several brokerages lowered their price targets to C$5.00, while ratings ranged from “hold” and “sector perform” to “moderate buy.” MarketBeat’s consensus rating is “Hold,” with an average target of C$4.28.
• Fiera reported quarterly EPS of C$0.03 on revenue of C$155.14 million. The company has a C$453.96 million market capitalization and notably high debt-to-equity ratio of 350.73.

Fiera Capital Co. (TSE:FSZ - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$5.11 and traded as low as C$4.26. Fiera Capital shares last traded at C$4.28, with a volume of 340,811 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FSZ. TD dropped their target price on shares of Fiera Capital from C$5.50 to C$5.00 and set a "hold" rating on the stock in a report on Monday, August 10th. Desjardins reduced their price target on Fiera Capital from C$5.50 to C$5.00 and set a "hold" rating for the company in a report on Monday, August 10th. Royal Bank Of Canada reduced their price target on Fiera Capital from C$6.00 to C$5.00 and set a "moderate buy" rating for the company in a report on Monday, August 10th. Finally, National Bank Financial lowered their price target on Fiera Capital from C$5.50 to C$5.00 and set a "sector perform" rating on the stock in a research report on Monday, August 10th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of C$4.28.

Fiera Capital Stock Performance

The company has a market cap of C$453.96 million, a P/E ratio of 23.78, a price-to-earnings-growth ratio of -0.87 and a beta of 0.98. The stock has a 50 day moving average price of C$4.58 and a two-hundred day moving average price of C$5.11. The company has a quick ratio of 1.05, a current ratio of 1.55 and a debt-to-equity ratio of 350.73.

Fiera Capital (TSE:FSZ - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported C$0.03 earnings per share (EPS) for the quarter. Fiera Capital had a return on equity of 7.95% and a net margin of 5.93%.The business had revenue of C$155.14 million during the quarter. On average, research analysts predict that Fiera Capital Co. will post 1.0905563 earnings per share for the current fiscal year.

About Fiera Capital

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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