Fiera Capital (TSE:FSZ) Stock Price Down 10.5% - Here's Why

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FSZ shares. BMO Capital Markets decreased their price objective on shares of Fiera Capital from C$10.00 to C$9.00 in a research note on Thursday, January 30th. National Bank Financial raised shares of Fiera Capital from a "strong sell" rating to a "hold" rating in a research note on Wednesday. Scotiabank decreased their price objective 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. TD Securities decreased their price objective on shares of Fiera Capital from C$8.50 to C$6.50 and set a "hold" rating for the company in a research note on Thursday. Finally, CIBC decreased their target price on shares of Fiera Capital from C$9.00 to C$6.75 and set a "neutral" rating for the company in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of C$7.54.

Fiera Capital Stock Up 1.1 %

The firm has a market cap of C$699.70 million, a P/E ratio of 10.85, a P/E/G ratio of -0.87 and a beta of 1.64. The business's fifty day moving average price is C$8.06 and its two-hundred day moving average price is C$8.51. The company has a current ratio of 1.31, a quick ratio of 1.05 and a debt-to-equity ratio of 261.73.

Insider Activity

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