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

goeasy Ltd. (TSE:GSY)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$167.63 and traded as low as C$146.02. goeasy shares last traded at C$151.14, with a volume of 61,707 shares.

Analyst Upgrades and Downgrades

GSY has been the subject of a number of recent research reports. Raymond James boosted their target price on shares of goeasy from C$230.00 to C$245.00 in a research note on Tuesday, February 18th. BMO Capital Markets upgraded goeasy from a “market perform” rating to an “outperform” rating and cut their price target for the company from C$207.00 to C$200.00 in a research note on Friday, March 14th. Finally, Jefferies Financial Group dropped their price objective on goeasy from C$228.00 to C$215.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$223.00.

goeasy Stock Performance

The company has a market cap of C$2.53 billion, a price-to-earnings ratio of 9.19, a PEG ratio of 0.84 and a beta of 1.87. The firm’s 50 day simple moving average is C$167.63 and its 200-day simple moving average is C$172.29. The company has a debt-to-equity ratio of 287.63, a quick ratio of 28.46 and a current ratio of 82.04.

goeasy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, April 11th will be given a $1.46 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is a positive change from goeasy’s previous quarterly dividend of $1.17. This represents a $5.84 dividend on an annualized basis and a dividend yield of 3.86%. goeasy’s dividend payout ratio is 28.45%.

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.