Fiera Capital (TSE:FSZ) Shares Down 12.5% - Time to Sell?

Fiera Capital Co. (TSE:FSZ - Get Free Report)'s share price fell 12.5% during trading on Wednesday . The stock traded as low as C$6.35 and last traded at C$6.42. 1,107,853 shares traded hands during trading, an increase of 346% from the average session volume of 248,179 shares. The stock had previously closed at C$7.34.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Scotiabank reduced their target price on shares of Fiera Capital from C$10.00 to C$8.75 and set a "sector perform" rating for the company in a research note on Thursday. National Bankshares raised Fiera Capital from an "underperform" rating to a "sector perform" rating and decreased their price objective for the stock from C$8.50 to C$7.00 in a report on Thursday. TD Securities lowered their target price on Fiera Capital from C$8.50 to C$6.50 and set a "hold" rating on the stock in a research report on Thursday. BMO Capital Markets reduced their price target on Fiera Capital from C$10.00 to C$9.00 in a research report on Thursday, January 30th. Finally, CIBC lowered their price target on Fiera Capital from C$9.00 to C$6.75 and set a "neutral" rating on the stock in a report on Thursday. Six investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently 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 current ratio of 1.31, a quick ratio of 1.05 and a debt-to-equity ratio of 261.73. The company has a market capitalization of C$699.70 million, a price-to-earnings ratio of 10.85, a PEG ratio of -0.87 and a beta of 1.64. The firm has a 50-day moving average price of C$8.06 and a 200-day moving average price of C$8.51.

Insiders Place Their Bets

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

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.