goeasy (TSE:GSY) Stock Crosses Below 50-Day Moving Average – Should You Sell?

goeasy Ltd. (TSE:GSY) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$157.20 and traded as low as C$126.70. goeasy shares last traded at C$128.76, with a volume of 130,378 shares.

Analyst Ratings Changes

GSY has been the topic of several research analyst reports. National Bankshares dropped their price objective on goeasy from C$265.00 to C$245.00 in a report on Thursday, November 6th. TD Securities decreased their target price on goeasy from C$210.00 to C$160.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. BMO Capital Markets cut their price target on shares of goeasy from C$232.00 to C$226.00 in a report on Thursday, November 6th. Jefferies Financial Group reduced their price objective on shares of goeasy from C$225.00 to C$194.00 in a research report on Monday, November 10th. Finally, Royal Bank Of Canada decreased their price objective on shares of goeasy from C$194.00 to C$156.00 in a report on Friday, November 7th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, goeasy currently has an average rating of “Moderate Buy” and an average target price of C$203.00.

goeasy Price Performance

The company has a quick ratio of 28.46, a current ratio of 82.04 and a debt-to-equity ratio of 287.63. The stock has a market capitalization of C$2.19 billion, a PE ratio of 9.93, a PEG ratio of 0.84 and a beta of 0.92. The company has a 50-day moving average of C$154.42 and a 200 day moving average of C$170.36.

goeasy (TSE:GSY) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C$1.98 earnings per share for the quarter. goeasy had a return on equity of 25.26% and a net margin of 19.49%.The company had revenue of C$440.22 million for the quarter. Sell-side analysts predict that goeasy Ltd. will post 20.3207343 EPS for the current year.

goeasy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, October 10th were given a dividend of $1.46 per share. The ex-dividend date was Friday, September 26th. This represents a $5.84 dividend on an annualized basis and a yield of 4.3%. goeasy’s payout ratio is presently 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.