goeasy (TSE:GSY) Stock Passes Above 50 Day Moving Average – What’s Next?

goeasy Ltd. (TSE:GSY) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$170.18 and traded as high as C$193.56. goeasy shares last traded at C$192.90, with a volume of 48,629 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. National Bankshares upped their target price on shares of goeasy from C$235.00 to C$240.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Desjardins reduced their price objective on goeasy from C$215.00 to C$210.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, BMO Capital Markets lifted their target price on goeasy from C$202.00 to C$207.00 in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, goeasy currently has a consensus rating of “Moderate Buy” and an average target price of C$219.89.

goeasy Stock Up 1.1 %

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 company has a market cap of C$3.24 billion, a P/E ratio of 12.55, a PEG ratio of 0.84 and a beta of 1.87. The firm’s 50-day simple moving average is C$170.18 and its 200 day simple moving average is C$179.06.

goeasy (TSE:GSY) last released its earnings results on Thursday, November 7th. The company reported C$4.32 earnings per share for the quarter, beating the consensus estimate of C$4.16 by C$0.16. goeasy had a return on equity of 25.28% and a net margin of 33.40%. During the same period last year, the business earned $3.81 EPS. On average, research analysts forecast that goeasy Ltd. will post 20.3207343 earnings per share for the current fiscal year.

goeasy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 10th were issued a dividend of $1.17 per share. This represents a $4.68 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Friday, December 27th. goeasy’s dividend payout ratio is currently 30.45%.

Insiders Place Their Bets

In other news, Senior Officer Jason Mullins sold 2,500 shares of the firm’s 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. Also, Senior Officer Patrick Ryan Doris Ens bought 3,050 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average cost of C$172.62 per share, with a total value of C$526,491.00. Company insiders own 22.05% of the company’s stock.

About goeasy

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.