Fiera Capital (TSE:FSZ) Stock Price Down 10.1% - Here's What Happened

Fiera Capital Co. (TSE:FSZ - Get Free Report) dropped 10.1% during mid-day trading on Wednesday . The stock traded as low as C$6.35 and last traded at C$6.60. Approximately 297,661 shares changed hands during mid-day trading, an increase of 32% from the average daily volume of 224,793 shares. The stock had previously closed at C$7.34.

Analyst Upgrades and Downgrades

FSZ has been the topic of several research reports. Desjardins lowered their price target on shares of Fiera Capital from C$9.00 to C$7.25 and set a "hold" rating on the stock in a research report on Thursday. BMO Capital Markets decreased their target price on shares of Fiera Capital from C$10.00 to C$9.00 in a report on Thursday, January 30th. TD Securities decreased their target price on shares of Fiera Capital from C$8.50 to C$6.50 and set a "hold" rating on the stock in a report on Thursday. Scotiabank decreased their target price on shares of Fiera Capital from C$10.00 to C$8.75 and set a "sector perform" rating on the stock in a report on Thursday. Finally, National Bank Financial raised shares of Fiera Capital from a "strong sell" rating to a "hold" rating in a report on Wednesday. Six analysts have rated the stock with a hold rating, According to MarketBeat, Fiera Capital currently has a consensus rating of "Hold" and an average target price of C$7.54.

Fiera Capital Trading Up 1.1 %

The company has a debt-to-equity ratio of 261.73, a quick ratio of 1.05 and a current ratio of 1.31. The firm has a market cap of C$699.70 million, a PE ratio of 10.85, a PEG ratio of -0.87 and a beta of 1.64. The stock's 50 day simple moving average is C$8.06 and its 200 day simple moving average is C$8.50.

Insiders Place Their Bets

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

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.