FirstService (TSE:FSV) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

FirstService Co. (TSE:FSV) (NASDAQ:FSV)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$204.42 and traded as low as C$190.76. FirstService shares last traded at C$193.87, with a volume of 199,793 shares.

Analyst Upgrades and Downgrades

Separately, TD lowered their target price on shares of FirstService from C$217.00 to C$201.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$209.00.

FirstService Trading Up 1.2%

The company has a quick ratio of 1.25, a current ratio of 1.26 and a debt-to-equity ratio of 95.68. The stock has a market capitalization of C$9.02 billion, a P/E ratio of 55.27, a P/E/G ratio of 107.75 and a beta of 0.85. The firm’s 50 day simple moving average is C$190.91 and its two-hundred day simple moving average is C$204.37.

FirstService (TSE:FSV) (NASDAQ:FSV) last posted its quarterly earnings results on Thursday, April 23rd. The company reported C$1.32 earnings per share for the quarter. FirstService had a net margin of 2.93% and a return on equity of 12.11%. The firm had revenue of C$1.83 billion during the quarter. As a group, analysts forecast that FirstService Co. will post 7.5161189 earnings per share for the current fiscal year.

Insider Activity

In other FirstService news, insider Firstservice Corporation acquired 2,500 shares of FirstService stock in a transaction dated Thursday, April 30th. The stock was purchased at an average cost of C$181.90 per share, for a total transaction of C$454,750.00. Following the completion of the acquisition, the insider directly owned 16,872 shares of the company’s stock, valued at C$3,069,016.80. This represents a 17.39% increase in their ownership of the stock. Insiders have bought 7,872 shares of company stock worth $1,431,216 in the last ninety days. 10.26% of the stock is owned by company insiders.

FirstService Company Profile

FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives, and generates most of the company’s revenue. FirstService Brands provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertPro Painters; Pillar to Post; Floor Coverings International; College Pro Painters; and Service America.