Fiera Capital (TSE:FSZ) Hits New 12-Month Low – Here’s Why

Fiera Capital Co. (TSE:FSZ) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$5.40 and last traded at C$5.43, with a volume of 206232 shares changing hands. The stock had previously closed at C$5.59.

Analyst Upgrades and Downgrades

FSZ has been the subject of several research analyst reports. Desjardins lowered their target price 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. TD Securities reduced their price target 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. Finally, National Bank Financial decreased their price objective on shares of Fiera Capital from C$7.50 to C$7.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 4th.

Fiera Capital Stock Down 2.9%

The firm has a market cap of C$578.96 million, a PE ratio of 15.97, a price-to-earnings-growth ratio of -0.87 and a beta of 1.10. The company has a quick ratio of 1.05, a current ratio of 23.38 and a debt-to-equity ratio of 313.06. The business has a 50-day moving average price of C$5.97 and a two-hundred day moving average price of C$6.20.

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. 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.