goeasy (TSE:GSY) Share Price Passes Below Fifty Day Moving Average of $188.54

goeasy Ltd. (TSE:GSY) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$188.54 and traded as low as C$174.55. goeasy shares last traded at C$178.96, with a volume of 52,259 shares traded.

Analysts Set New Price Targets

GSY has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price target on shares of goeasy from C$215.00 to C$218.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. National Bankshares lifted their price objective on shares of goeasy from C$210.00 to C$235.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Finally, Scotiabank lifted their price objective on shares of goeasy from C$215.00 to C$222.00 in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$220.00.

goeasy Stock Down 0.2 %

The company has a debt-to-equity ratio of 289.31, a quick ratio of 28.46 and a current ratio of 15.97. The stock’s 50 day simple moving average is C$188.54 and its 200 day simple moving average is C$179.69. The firm has a market cap of C$3.01 billion, a P/E ratio of 11.64, a price-to-earnings-growth ratio of 0.84 and a beta of 1.89.

goeasy (TSE:GSY) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$4.01 by C$0.09. The firm had revenue of C$377.80 million during the quarter, compared to analysts’ expectations of C$372.40 million. goeasy had a net margin of 33.40% and a return on equity of 25.28%. Research analysts anticipate that goeasy Ltd. will post 20.3414634 EPS for the current year.

goeasy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be issued a dividend of $1.17 per share. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, September 27th. goeasy’s dividend payout ratio is currently 30.43%.

Insider Activity

In other news, Senior Officer Jason Mullins sold 4,500 shares of goeasy stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of C$188.00, for a total transaction of C$846,000.00. Corporate insiders own 22.06% of the company’s stock.

goeasy Company Profile

goeasy Ltd. provides non-prime leasing and lending services under the easyhome, easyfinancial, and LendCare brands to consumers in Canada. The company operates through two segments, Easyfinancial and Easyhome. It offers unsecured and secured installment loans; home equity secured instalment loans and automotive vehicle financing; and loans to finance the purchase of retail goods, powersports and recreational vehicles, home improvement projects, and healthcare related products and services.