goeasy (TSE:GSY) Shares Cross Above 50 Day Moving Average – Here’s Why

goeasy Ltd. (TSE:GSY)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$34.87 and traded as high as C$42.16. goeasy shares last traded at C$42.10, with a volume of 244,377 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on GSY shares. Raymond James Financial lowered their price target on shares of goeasy from C$46.50 to C$42.00 and set a “market perform” rating for the company in a report on Thursday, May 14th. BMO Capital Markets reduced their price objective on shares of goeasy from C$45.00 to C$36.00 in a research note on Wednesday, May 13th. National Bank Financial decreased their target price on shares of 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. Scotiabank cut shares of goeasy from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$55.00 to C$39.00 in a research note on Tuesday, April 28th. Finally, ATB Cormark Capital Markets lowered their target price on shares of goeasy from C$42.00 to C$35.00 and set a “sector perform” rating for the company in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, goeasy has a consensus rating of “Hold” and a consensus target price of C$36.56.

goeasy Stock Performance

The company has a market cap of C$675.03 million, a PE ratio of -3.91, a PEG ratio of 0.84 and a beta of 1.43. The firm has a fifty day simple moving average of C$34.87 and a 200 day simple moving average of C$80.61.

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

About goeasy

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.