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

goeasy Ltd. (TSE:GSY) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$170.36 and traded as low as C$163.67. goeasy shares last traded at C$166.71, with a volume of 55,105 shares.

Analysts Set New Price Targets

A number of research analysts recently commented on GSY shares. Desjardins decreased their price target on shares of goeasy from C$215.00 to C$210.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. National Bankshares increased their target price on goeasy from C$235.00 to C$240.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets boosted their price target on goeasy from C$202.00 to C$207.00 in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$219.89.

goeasy Trading Up 0.5 %

The company has a current ratio of 15.97, a quick ratio of 28.46 and a debt-to-equity ratio of 289.31. The stock has a market capitalization of C$2.82 billion, a P/E ratio of 10.93, a P/E/G ratio of 0.84 and a beta of 1.87. The business has a 50-day moving average price of C$170.32 and a two-hundred day moving average price of C$180.77.

goeasy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, January 10th 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 2.78%. The ex-dividend date is Friday, December 27th. goeasy’s dividend payout ratio (DPR) is presently 30.45%.

Insider Activity at goeasy

In other goeasy news, Senior Officer Patrick Ryan Doris Ens bought 3,050 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were purchased at an average price of C$172.62 per share, for a total transaction of C$526,491.00. Also, Senior Officer Jason Mullins sold 2,500 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$171.76, for a total transaction of C$429,400.00. 22.05% of the stock is currently owned by insiders.

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.