goeasy (OTCMKTS:EHMEF) Trading Up 6.8% – Here’s What Happened

Shares of goeasy Ltd. (OTCMKTS:EHMEF) rose 6.8% during trading on Tuesday . The stock traded as high as $28.36 and last traded at $28.36. Approximately 13,796 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 19,946 shares. The stock had previously closed at $26.56.

Wall Street Analyst Weigh In

EHMEF has been the topic of several recent analyst reports. Scotiabank lowered shares of goeasy from an “outperform” rating to a “sector perform” rating in a report on Tuesday, April 28th. Royal Bank Of Canada reissued an “underperform” rating on shares of goeasy in a report on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

goeasy Stock Up 6.8%

The firm’s fifty day simple moving average is $25.01 and its 200 day simple moving average is $59.57.

goeasy Company Profile

goeasy Ltd. is a Canadian alternative financial services provider that specializes in serving non-prime and near-prime consumers. Through its two primary operating divisions—easyhome and easyfinancial—the company offers lease-to-own solutions for household furnishings and electronic goods, as well as unsecured, fixed-term installment loans and lines of credit. These services are designed to provide accessible credit options to individuals who may not qualify for traditional banking products.

The easyhome division operates a network of retail locations across Canada, where customers can lease furniture, appliances and electronics with the option to own products outright at the end of the term.