Fiera Capital (TSE:FSZ) Shares Cross Below 200-Day Moving Average – What’s Next?

Shares of Fiera Capital Co. (TSE:FSZ) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.09 and traded as low as C$5.21. Fiera Capital shares last traded at C$5.26, with a volume of 204,316 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. TD Securities reduced their price objective on shares of Fiera Capital from C$6.50 to C$6.00 and set a “hold” rating on the stock in a research note on Friday, February 27th. National Bank Financial dropped their target price on shares of Fiera Capital from C$7.50 to C$7.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 4th. Finally, Desjardins reduced their price target on shares of Fiera Capital from C$6.75 to C$6.50 and set a “hold” rating on the stock in a research report on Tuesday, February 3rd.

Fiera Capital Stock Performance

The firm has a market capitalization of C$567.23 million, a P/E ratio of 15.65, a price-to-earnings-growth ratio of -0.87 and a beta of 1.10. The company has a 50-day moving average of C$5.75 and a 200-day moving average of C$6.08. The company has a current ratio of 23.38, a quick ratio of 1.05 and a debt-to-equity ratio of 313.06.

Fiera Capital (TSE:FSZ) last released its quarterly earnings results on Thursday, February 26th. The company reported C$0.24 EPS for the quarter. Fiera Capital had a return on equity of 14.44% and a net margin of 11.65%.The firm had revenue of C$180.06 million for the quarter. On average, equities analysts anticipate 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.