Fiera Capital (TSE:FSZ) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Fiera Capital Co. (TSE:FSZ)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.20 and traded as low as C$5.54. Fiera Capital shares last traded at C$5.62, with a volume of 937,931 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have commented on FSZ. TD Securities decreased their target price on shares of Fiera Capital from C$6.50 to C$6.00 and set a “hold” rating on the stock in a research note on Friday, February 27th. National Bank Financial dropped their price target on shares of Fiera Capital from C$7.50 to C$7.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 4th. Finally, Desjardins reduced their price objective on shares of Fiera Capital from C$6.75 to C$6.50 and set a “hold” rating for the company in a research note on Tuesday, February 3rd.

Fiera Capital Stock Down 2.1%

The business has a 50-day moving average of C$5.95 and a 200 day moving average of C$6.19. The company has a market capitalization of C$583.23 million, a PE ratio of 16.09, a P/E/G ratio of -0.87 and a beta of 1.10. The company has a debt-to-equity ratio of 313.06, a current ratio of 23.38 and a quick ratio of 1.05.

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. It invests in the public equity and fixed income markets across the globe with a focus on Canada. The firm primarily invests in growth and value stocks of small-cap companies.