goeasy (TSE:GSY) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

goeasy Ltd. (TSE:GSY)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$34.39 and traded as high as C$38.22. goeasy shares last traded at C$37.43, with a volume of 97,111 shares traded.

Analyst Ratings Changes

Several research firms have issued reports on GSY. Jefferies Financial Group dropped their target price on goeasy from C$50.00 to C$39.00 in a research report on Thursday, April 2nd. National Bank Financial dropped their target price on goeasy from C$38.00 to C$34.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 14th. Raymond James Financial dropped their target price on goeasy from C$46.50 to C$42.00 and set a “market perform” rating on the stock in a research report on Thursday, May 14th. Royal Bank Of Canada dropped their target price on goeasy from C$33.00 to C$30.00 and set an “underperform” rating on the stock in a research report on Thursday, May 14th. Finally, TD Securities lowered their price objective on goeasy from C$44.00 to C$36.00 and set a “hold” rating on the stock in a research report on Thursday, April 2nd. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$36.56.

goeasy Stock Down 0.8%

The company has a market cap of C$600.15 million, a PE ratio of -3.47, a P/E/G ratio of 0.84 and a beta of 1.43. The stock has a 50-day moving average of C$34.39 and a 200-day moving average of C$84.49.

goeasy (TSE:GSY) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C($1.90) earnings per share (EPS) for the quarter. goeasy had a negative return on equity of 26.45% and a negative net margin of 15.76%.The business had revenue of C$412.86 million during the quarter. Research analysts expect that goeasy Ltd. will post 20.3207343 EPS for the current 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.