Fiera Capital (TSE:FSZ) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Fiera Capital Co. (TSE:FSZ) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$6.42 and traded as low as C$6.10. Fiera Capital shares last traded at C$6.12, with a volume of 171,079 shares changing hands.

Analysts Set New Price Targets

Separately, Desjardins lifted their target price on shares of Fiera Capital from C$6.23 to C$6.50 and gave the company a “hold” rating in a research note on Wednesday, October 29th.

Fiera Capital Trading Down 0.7%

The stock has a 50 day moving average of C$6.12 and a 200-day moving average of C$6.42. The company has a market capitalization of C$648.27 million, a P/E ratio of 22.52, a P/E/G ratio of -0.87 and a beta of 1.33. The company has a current ratio of 1.31, a quick ratio of 1.05 and a debt-to-equity ratio of 261.73.

Fiera Capital (TSE:FSZ) last posted its quarterly earnings results on Thursday, November 13th. The company reported C$0.23 EPS for the quarter. The business had revenue of C$167.09 million for the quarter. Fiera Capital had a return on equity of 21.21% and a net margin of 9.25%. On average, research analysts predict that Fiera Capital Co. will post 1.0905563 EPS for the current year.

Fiera Capital Company Profile

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.