FirstService (TSE:FSV) Shares Pass Above 200 Day Moving Average – Here’s What Happened

FirstService Co. (TSE:FSV) (NASDAQ:FSV) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$251.16 and traded as high as C$265.96. FirstService shares last traded at C$260.57, with a volume of 99,587 shares changing hands.

Analyst Upgrades and Downgrades

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

FirstService Stock Down 1.1 %

The company has a debt-to-equity ratio of 105.28, a quick ratio of 1.25 and a current ratio of 1.74. The company has a market cap of C$11.73 billion, a price-to-earnings ratio of 107.23, a price-to-earnings-growth ratio of 107.75 and a beta of 0.96. The stock’s fifty day moving average is C$264.79 and its two-hundred day moving average is C$251.16.

Insider Buying and Selling at FirstService

In other news, Senior Officer Douglas G. Cooke sold 1,600 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of C$262.75, for a total value of C$420,400.00. Also, Director Joan Eloise Sproul sold 200 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of C$268.69, for a total transaction of C$53,738.00. Insiders sold a total of 14,225 shares of company stock valued at $3,777,120 in the last three months. Company insiders own 10.26% of the company’s stock.

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.