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

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FSZ. TD Securities lowered their target price on 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 reduced their price target on Fiera Capital from C$7.50 to C$7.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 4th. Finally, Desjardins decreased their price objective on Fiera Capital from C$6.75 to C$6.50 and set a “hold” rating on the stock in a report on Tuesday, February 3rd.

Fiera Capital Stock Performance

The stock has a market cap of C$567.23 million, a P/E ratio of 15.65, a price-to-earnings-growth ratio of -0.87 and a beta of 1.10. The company has a current ratio of 23.38, a quick ratio of 1.05 and a debt-to-equity ratio of 313.06. The stock has a 50 day simple moving average of C$5.93 and a 200 day simple moving average of C$6.18.

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.