Fiera Capital (TSE:FSZ) Reaches New 1-Year Low – Here’s Why

Shares of Fiera Capital Co. (TSE:FSZ) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$6.17 and last traded at C$6.28, with a volume of 501172 shares. The stock had previously closed at C$6.35.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FSZ shares. Scotiabank reduced their price objective on Fiera Capital from C$10.00 to C$8.75 and set a “sector perform” rating for the company in a report on Thursday, February 27th. National Bank Financial raised Fiera Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 26th. National Bankshares raised Fiera Capital from an “underperform” rating to a “sector perform” rating and lowered their price objective for the company from C$8.50 to C$7.00 in a research report on Thursday, February 27th. BMO Capital Markets lowered their price objective on Fiera Capital from C$10.00 to C$9.00 in a research report on Thursday, January 30th. Finally, Desjardins lowered their price objective on Fiera Capital from C$9.00 to C$7.25 and set a “hold” rating for the company in a research report on Thursday, February 27th. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, Fiera Capital has an average rating of “Hold” and an average target price of C$7.54.

Fiera Capital Stock Performance

The company has a quick ratio of 1.05, a current ratio of 1.31 and a debt-to-equity ratio of 261.73. The stock has a 50 day simple moving average of C$7.96 and a 200 day simple moving average of C$8.48. The company has a market cap of C$679.15 million, a price-to-earnings ratio of 10.53, a PEG ratio of -0.87 and a beta of 1.64.

Insider Activity

In related news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of C$8.89, for a total value of C$93,028.60. Corporate insiders own 0.86% of the company’s stock.

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.