goeasy (TSE:GSY) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

goeasy Ltd. (TSE:GSY) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$91.97 and traded as low as C$35.05. goeasy shares last traded at C$36.61, with a volume of 109,003 shares changing hands.

Wall Street Analyst Weigh In

GSY has been the subject of several research reports. ATB Cormark Capital Markets dropped their target price on goeasy from C$42.00 to C$35.00 and set a “sector perform” rating for the company in a research report on Thursday, May 14th. Royal Bank Of Canada lowered their price objective on goeasy from C$33.00 to C$30.00 and set an “underperform” rating for the company in a research report on Thursday, May 14th. Jefferies Financial Group lowered their price objective on goeasy from C$50.00 to C$39.00 in a research report on Thursday, April 2nd. Desjardins lowered their price objective on goeasy from C$47.00 to C$38.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Finally, Raymond James Financial lowered their price objective on goeasy from C$46.50 to C$42.00 and set a “market perform” rating for the company in a research report on Thursday, May 14th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$36.56.

goeasy Stock Up 4.7%

The stock has a 50-day moving average price of C$33.93 and a 200 day moving average price of C$91.97. The firm has a market capitalization of C$587.00 million, a price-to-earnings ratio of -3.40, a P/E/G ratio of 0.84 and a beta of 1.05.

goeasy (TSE:GSY) last posted its earnings results on Tuesday, May 12th. The company reported C($1.90) earnings per share for the quarter. The business had revenue of C$412.86 million for the quarter. goeasy had a negative return on equity of 26.45% and a negative net margin of 15.76%. As a group, equities analysts forecast that goeasy Ltd. will post 20.3207343 earnings per share for the current fiscal year.

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. Its reportable business segments include easyhome and easyfinancial, of which it derives maximum revenue from easyfinancial segment.