goeasy Ltd (TSE:GSY) shares dropped 10.8% on Thursday . The stock traded as low as C$40.21 and last traded at C$40.40. Approximately 104,750 shares traded hands during trading, an increase of 216% from the average daily volume of 33,111 shares. The stock had previously closed at C$45.27.

GSY has been the topic of several recent analyst reports. Raymond James lifted their price objective on shares of goeasy from C$60.00 to C$67.50 and gave the stock an “outperform” rating in a research note on Monday, September 24th. Desjardins reissued a “buy” rating on shares of goeasy in a research note on Wednesday, October 10th. Finally, BMO Capital Markets lifted their price objective on shares of goeasy from C$47.00 to C$60.00 in a research note on Thursday, August 9th.

The company has a current ratio of 14.27, a quick ratio of 14.16 and a debt-to-equity ratio of 223.99.

goeasy (TSE:GSY) last announced its earnings results on Tuesday, August 7th. The company reported C$0.82 EPS for the quarter, topping the consensus estimate of C$0.78 by C$0.04. The company had revenue of C$123.34 million for the quarter, compared to analyst estimates of C$121.55 million. On average, sell-side analysts anticipate that goeasy Ltd will post 4.29000016557521 earnings per share for the current year.

In related news, Director David Ingram bought 1,000 shares of the company’s stock in a transaction on Friday, August 17th. The shares were purchased at an average cost of C$51.92 per share, for a total transaction of C$51,920.00.

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goeasy Company Profile (TSE:GSY)

goeasy Ltd. provides goods and alternative financial services in Canada. It operates through two segments, Easyfinancial and Easyhome. The Easyfinancial segment provides unsecured and real estate secured installment loans; and consumer loans and related financial services, such as loan protection plans, home and auto benefit plans, and credit monitoring services.

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