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

goeasy Ltd. (TSE:GSY)’s share price 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 changing hands.

Analysts Set New Price Targets

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

goeasy Stock Performance

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 firm’s 50-day moving average price is C$187.58 and its two-hundred day moving average price is C$179.78. The firm has a market capitalization of C$3.00 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 0.84 and a beta of 1.89.

goeasy (TSE:GSY) last issued its earnings results on Thursday, August 8th. The company reported C$4.10 earnings per share for the quarter, beating the consensus estimate of C$4.01 by C$0.09. goeasy had a net margin of 33.40% and a return on equity of 25.28%. The business had revenue of C$377.80 million for the quarter, compared to analyst estimates of C$372.40 million. Sell-side analysts predict that goeasy Ltd. will post 20.3414634 earnings per share for the current year.

goeasy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a dividend of $1.17 per share. This represents a $4.68 annualized dividend and a 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 at goeasy

In related 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. 22.06% of the stock is currently owned by insiders.

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.