goeasy (TSE:GSY) Stock Passes Below Fifty Day Moving Average – Here’s Why

goeasy Ltd. (TSE:GSY) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$142.10 and traded as low as C$123.75. goeasy shares last traded at C$127.07, with a volume of 89,014 shares changing hands.

Analysts Set New Price Targets

GSY has been the subject of a number of research analyst reports. Royal Bank Of Canada reduced their target price on goeasy from C$194.00 to C$156.00 in a research note on Friday, November 7th. National Bankshares cut their price objective on goeasy from C$265.00 to C$245.00 in a report on Thursday, November 6th. Jefferies Financial Group decreased their target price on goeasy from C$225.00 to C$194.00 in a report on Monday, November 10th. BMO Capital Markets dropped their target price on goeasy from C$232.00 to C$226.00 in a research report on Thursday, November 6th. Finally, TD Securities cut their price target on shares of goeasy from C$210.00 to C$160.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$196.13.

goeasy Trading Up 2.8%

The company has a current ratio of 82.04, a quick ratio of 28.46 and a debt-to-equity ratio of 287.63. The firm has a market cap of C$2.04 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 0.84 and a beta of 0.80. The company has a fifty day moving average price of C$142.10 and a 200-day moving average price of C$168.59.

goeasy (TSE:GSY) last posted its earnings results on Wednesday, November 5th. The company reported C$4.12 EPS for the quarter. goeasy had a return on equity of 25.26% and a net margin of 19.49%.The firm had revenue of C$440.22 million for the quarter. As a group, research analysts expect that goeasy Ltd. will post 20.3207343 EPS for the current year.

goeasy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, January 9th will be issued a dividend of $1.46 per share. This represents a $5.84 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Wednesday, December 24th. goeasy’s payout ratio is 40.48%.

goeasy Company Profile

goeasy Ltd provides financial services to own furniture, electronics, computers, and appliances. It offers merchandise leasing of household furnishings, appliances, and home electronic products to consumers under weekly or monthly leasing agreements. The company also offers unsecured installment loans to consumers.