Fiera Capital (TSE:FSZ) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Fiera Capital Co. (TSE:FSZ) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.57 and traded as low as C$7.29. Fiera Capital shares last traded at C$7.37, with a volume of 281,324 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FSZ shares. TD Securities increased their price objective on shares of Fiera Capital from C$9.00 to C$10.00 and gave the company a “hold” rating in a research report on Friday, November 8th. National Bankshares upped their price target on shares of Fiera Capital from C$8.00 to C$8.50 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. Scotiabank reduced their price objective on shares of Fiera Capital from C$10.50 to C$10.00 in a research note on Thursday, January 30th. Desjardins increased their price objective on shares of Fiera Capital from C$7.75 to C$9.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. Finally, CIBC reduced their price objective on shares of Fiera Capital from C$11.00 to C$9.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, Fiera Capital has an average rating of “Hold” and a consensus target price of C$8.93.

Fiera Capital Price Performance

The company has a debt-to-equity ratio of 261.73, a current ratio of 1.31 and a quick ratio of 1.05. The firm has a 50-day simple moving average of C$8.35 and a 200 day simple moving average of C$8.54. The firm has a market cap of C$814.33 million, a PE ratio of 12.63, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64.

Insider Buying and Selling at Fiera Capital

In other news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of C$8.89, for a total transaction of C$93,028.60. Corporate insiders own 0.86% of the company’s stock.

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.