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FirstService (TSE:FSV) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

FirstService logo with Real Estate background

FirstService Co. (TSE:FSV - Get Free Report) NASDAQ: FSV's share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$247.61 and traded as high as C$267.18. FirstService shares last traded at C$266.80, with a volume of 48,086 shares trading hands.

Analysts Set New Price Targets

Separately, TD Securities lifted their price objective on FirstService from C$182.00 to C$194.00 and gave the company a "hold" rating in a research report on Monday, October 28th.

Get Our Latest Research Report on FSV

FirstService Stock Down 0.2 %

The firm has a market cap of C$11.99 billion, a P/E ratio of 109.57, a P/E/G ratio of 107.75 and a beta of 0.96. The business's fifty day moving average price is C$264.33 and its two-hundred day moving average price is C$247.74. The company has a current ratio of 1.74, a quick ratio of 1.25 and a debt-to-equity ratio of 105.28.

FirstService (TSE:FSV - Get Free Report) NASDAQ: FSV last issued its quarterly earnings data on Thursday, October 24th. The company reported C$2.10 EPS for the quarter, beating analysts' consensus estimates of C$1.82 by C$0.28. FirstService had a return on equity of 9.46% and a net margin of 1.73%. During the same quarter last year, the business posted $1.59 EPS. As a group, equities research analysts anticipate that FirstService Co. will post 7.5161189 EPS for the current year.

Insider Transactions at FirstService

In related news, Senior Officer Douglas G. Cooke sold 5,000 shares of the company's stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$262.70, for a total transaction of C$1,313,500.00. Also, Director Joan Eloise Sproul sold 200 shares of the firm's stock in a transaction on Friday, December 13th. The stock was sold at an average price of C$268.69, for a total transaction of C$53,738.00. Over the last ninety days, insiders have sold 14,225 shares of company stock worth $3,777,120. Company insiders own 10.26% of the company's stock.

About FirstService

(Get Free Report)

FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives, and generates most of the company's revenue.

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