goeasy (TSE:GSY) Stock Price Passes Below 50 Day Moving Average of $121.49

Shares of goeasy Ltd. (TSE:GSY – Get Rating) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$121.49 and traded as low as C$108.32. goeasy shares last traded at C$109.67, with a volume of 72,116 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GSY shares. Scotiabank lifted their target price on shares of goeasy from C$165.00 to C$170.00 in a research note on Friday, February 17th. CIBC set a C$180.00 price target on shares of goeasy and gave the company an “outperform” rating in a report on Thursday, January 26th. National Bankshares boosted their price target on shares of goeasy from C$175.00 to C$180.00 and gave the company an “outperform” rating in a report on Thursday, February 16th. BMO Capital Markets boosted their price target on shares of goeasy from C$192.00 to C$196.00 in a report on Friday, February 17th. Finally, TD Securities lowered their price target on shares of goeasy from C$200.00 to C$180.00 and set a “buy” rating on the stock in a report on Monday, February 6th.

goeasy Price Performance

The stock has a market capitalization of C$1.80 billion, a P/E ratio of 13.02, a PEG ratio of 0.84 and a beta of 2.07. The stock’s fifty day moving average is C$121.49 and its 200-day moving average is C$116.28. The company has a debt-to-equity ratio of 264.88, a current ratio of 37.15 and a quick ratio of 28.46.

goeasy (TSE:GSY – Get Rating) last issued its quarterly earnings data on Wednesday, February 15th. The company reported C$3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$2.87 by C$0.18. The firm had revenue of C$273.33 million during the quarter, compared to analysts’ expectations of C$274.20 million. goeasy had a net margin of 22.01% and a return on equity of 16.89%. On average, equities analysts anticipate that goeasy Ltd. will post 13.5247059 earnings per share for the current year.

goeasy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be issued a $0.96 dividend. The ex-dividend date of this dividend is Thursday, March 30th. This is a boost from goeasy’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a yield of 3.50%. goeasy’s dividend payout ratio is currently 45.61%.

goeasy Company Profile

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goeasy Ltd. provides non-prime leasing and lending services to consumers in Canada. The company operates through two segments, Easyfinancial and Easyhome. The Easyfinancial segment provides unsecured and real estate secured installment loans; personal, home equity, and auto loans; point-of-sale and small business financing; and value-added services.