goeasy (TSE:GSY) Stock Price Crosses Below Fifty Day Moving Average – Here’s What Happened

goeasy Ltd. (TSE:GSY)’s share price passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of C$45.09 and traded as low as C$42.02. goeasy shares last traded at C$42.91, with a volume of 78,846 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Raymond James Financial increased their price target on goeasy from C$42.00 to C$45.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 21st. Desjardins lifted their price objective on shares of goeasy from C$38.00 to C$56.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Jefferies Financial Group upped their price objective on shares of goeasy from C$45.00 to C$51.00 in a report on Monday, August 10th. National Bank Financial increased their target price on shares of goeasy from C$43.00 to C$53.00 and gave the company a “sector perform” rating in a research report on Monday, August 10th. Finally, Royal Bank Of Canada boosted their price target on shares of goeasy from C$30.00 to C$35.00 in a research report on Monday, August 10th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of C$42.89.

goeasy Stock Down 0.0%

The company has a debt-to-equity ratio of 558.73, a quick ratio of 28.46 and a current ratio of 22.81. The stock has a 50 day moving average price of C$44.93 and a 200 day moving average price of C$40.81. The company has a market cap of C$687.70 million, a P/E ratio of -2.06, a P/E/G ratio of 0.84 and a beta of 1.33.

goeasy (TSE:GSY) last announced its earnings results on Thursday, August 6th. The company reported C$1.02 earnings per share for the quarter. The business had revenue of C$390.04 million during the quarter. goeasy had a negative return on equity of 37.13% and a negative net margin of 20.21%. Research analysts expect that goeasy Ltd. will post 20.3207343 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

goeasy Company Profile

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.