Fiera Capital (TSE:FSZ) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Fiera Capital Co. (TSE:FSZ - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$7.69 and traded as high as C$8.99. Fiera Capital shares last traded at C$8.98, with a volume of 273,912 shares changing hands.

Wall Street Analyst Weigh In

FSZ has been the subject of several analyst reports. CIBC cut their target price on Fiera Capital from C$9.00 to C$8.00 in a research report on Thursday, August 8th. National Bankshares lowered shares of Fiera Capital from a "sector perform" rating to an "underperform" rating and upped their target price for the stock from C$7.00 to C$8.00 in a report on Monday, July 29th. TD Securities reduced their price target on shares of Fiera Capital from C$8.00 to C$7.50 in a research report on Thursday, August 8th. Desjardins lifted their target price on shares of Fiera Capital from C$7.75 to C$9.00 and gave the company a "hold" rating in a research note on Thursday. Finally, National Bank Financial cut Fiera Capital from a "hold" rating to a "strong sell" rating in a report on Sunday, July 28th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of C$8.14.

Fiera Capital Price Performance

The company has a market capitalization of C$812.57 million, a price-to-earnings ratio of 17.15, a PEG ratio of -0.87 and a beta of 1.64. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 259.56. The company has a 50 day moving average price of C$8.07 and a 200 day moving average price of C$7.69.

Fiera Capital (TSE:FSZ - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported C$0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.19 by C$0.04. Fiera Capital had a return on equity of 22.95% and a net margin of 8.97%. The firm had revenue of C$164.79 million for the quarter, compared to analysts' expectations of C$160.80 million. As a group, equities research analysts forecast that Fiera Capital Co. will post 1.0905563 earnings per share for the current year.

Insider Buying and Selling

In other news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the business's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of C$7.30, for a total value of C$73,049.00. In other news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of Fiera Capital stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total value of C$73,049.00. Also, Senior Officer John Valentini sold 28,000 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$8.57, for a total transaction of C$240,046.80. Insiders have sold a total of 207,400 shares of company stock worth $1,601,622 over the last ninety days. Company insiders own 0.86% of the company's stock.

About Fiera Capital

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.