Fiera Capital (TSE:FSZ) Shares Down 10.5% - Time to Sell?

Shares of Fiera Capital Co. (TSE:FSZ - Get Free Report) traded down 10.5% on Wednesday . The stock traded as low as C$6.35 and last traded at C$6.57. 619,328 shares were traded during trading, an increase of 168% from the average session volume of 231,205 shares. The stock had previously closed at C$7.34.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. National Bank Financial upgraded shares of Fiera Capital from a "strong sell" rating to a "hold" rating in a report on Wednesday. Desjardins reduced their price objective on shares of Fiera Capital from C$9.00 to C$7.25 and set a "hold" rating on the stock in a report on Thursday. Scotiabank reduced their price objective 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. CIBC reduced their price objective on shares of Fiera Capital from C$9.00 to C$6.75 and set a "neutral" rating on the stock in a report on Thursday. Finally, TD Securities cut their price target on shares of Fiera Capital from C$8.50 to C$6.50 and set a "hold" rating on the stock in a research note on Thursday. Six investment analysts have rated the stock with a hold rating, According to MarketBeat, Fiera Capital currently has a consensus rating of "Hold" and an average price target of C$7.54.

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 company has a market capitalization of C$699.70 million, a PE ratio of 10.85, a price-to-earnings-growth 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$8.51.

Insider Transactions at Fiera Capital

In other news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of Fiera Capital stock in a transaction dated Monday, January 6th. The stock was sold at an average price of C$8.89, for a total transaction of C$93,028.60. 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.