FirstService (TSE:FSV) Share Price Passes Above 200-Day Moving Average – Time to Sell?

FirstService Co. (TSE:FSV) (NASDAQ:FSV)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$226.90 and traded as high as C$261.50. FirstService shares last traded at C$260.94, with a volume of 94,188 shares traded.

Analysts Set New Price Targets

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

FirstService Stock Performance

The firm has a market capitalization of C$11.75 billion, a P/E ratio of 107.38, a price-to-earnings-growth ratio of 107.75 and a beta of 0.96. The company has a current ratio of 1.74, a quick ratio of 1.25 and a debt-to-equity ratio of 105.28. The business’s 50 day simple moving average is C$250.25 and its two-hundred day simple moving average is C$226.90.

FirstService Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were paid a dividend of $0.337 per share. The ex-dividend date was Friday, September 27th. This represents a $1.35 dividend on an annualized basis and a yield of 0.52%. FirstService’s dividend payout ratio is currently 55.56%.

Insider Transactions at FirstService

In other news, Director Erin Joy Wallace sold 11,500 shares of FirstService stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of C$174.35, for a total value of C$2,004,993.95. Company insiders own 10.26% of the company’s stock.

About FirstService

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.