goeasy (TSE:GSY) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

goeasy Ltd. (TSE:GSY) shares passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of C$43.58 and traded as low as C$42.90. goeasy shares last traded at C$43.93, with a volume of 49,074 shares traded.

Analysts Set New Price Targets

GSY has been the subject of several analyst reports. Desjardins upped their target price on goeasy from C$38.00 to C$56.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. ATB Cormark Capital Markets lowered goeasy from a “market perform” rating to an “underperform” rating and set a C$35.00 target price for the company. in a research note on Wednesday, July 29th. Royal Bank Of Canada raised their target price on goeasy from C$30.00 to C$35.00 in a report on Monday, August 10th. Raymond James Financial boosted their price target on goeasy from C$42.00 to C$45.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 21st. Finally, National Bank Financial upped their price target on goeasy from C$43.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of C$42.89.

goeasy Stock Performance

The stock’s fifty day moving average is C$43.43 and its two-hundred day moving average is C$40.79. The firm has a market capitalization of C$704.85 million, a price-to-earnings ratio of -2.11, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The company has a debt-to-equity ratio of 558.73, a quick ratio of 28.46 and a current ratio of 22.81.

goeasy (TSE:GSY) last released its quarterly earnings results on Thursday, August 6th. The company reported C$1.02 earnings per share (EPS) for the quarter. The firm had revenue of C$390.04 million for the quarter. goeasy had a negative net margin of 20.21% and a negative return on equity of 37.13%. Analysts forecast that goeasy Ltd. will post 20.32 earnings per share for the current year.

Insider Buying and Selling at goeasy

In other news, insider Courtenay Andrew Ames Plaunt sold 979 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of C$45.22, for a total value of C$44,270.38. Following the sale, the insider owned 505 shares in the company, valued at approximately C$22,836.10. This represents a 65.97% decrease in their position. Over the last ninety days, insiders have sold 4,837 shares of company stock valued at $217,486. 22.05% of the stock is currently owned by insiders.

About goeasy

goeasy Ltd. is a leading Canadian provider of non-prime consumer lending solutions, offering a suite of financial products through its easyfinancial, easyhome, and LendCare brands. goeasy offers unsecured and secured instalment loans, point-of-sale financing, and lease-to-own merchandise through its omni-channel model, which spans online, mobile, and hundreds of locations nationwide. Driven by its team members’ dedication to expand access to credit for underserved communities and helping customers strengthen their financial futures, goeasy has proudly served more than 1.6 million customers while building an award-winning culture.