Fiera Capital (TSE:FSZ) Trading Down 10.5% – Time to Sell?

Fiera Capital Co. (TSE:FSZ)’s share price dropped 10.5% during trading on Wednesday . The stock traded as low as C$6.35 and last traded at C$6.57. Approximately 619,328 shares were traded during mid-day trading, an increase of 168% from the average daily volume of 231,205 shares. The stock had previously closed at C$7.34.

Analysts Set New Price Targets

A number of analysts recently commented on the company. TD Securities increased their price target on Fiera Capital from C$9.00 to C$10.00 and gave the company a “hold” rating in a research report on Friday, November 8th. National Bankshares lifted their target price on shares of Fiera Capital from C$8.00 to C$8.50 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. Scotiabank cut their price objective on Fiera Capital from C$10.50 to C$10.00 in a research report on Thursday, January 30th. BMO Capital Markets reduced their target price on shares of Fiera Capital from C$10.00 to C$9.00 in a research report on Thursday, January 30th. Finally, CIBC cut their price objective on shares of Fiera Capital from C$11.00 to C$9.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$8.93.

Fiera Capital Trading Down 12.1 %

The company has a current ratio of 1.31, a quick ratio of 1.05 and a debt-to-equity ratio of 261.73. The company has a fifty day simple moving average of C$8.20 and a 200-day simple moving average of C$8.53. The company has a market capitalization of C$697.54 million, a PE ratio of 10.81, a PEG ratio of -0.87 and a beta of 1.64.

Insider Activity

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