goeasy (TSE:GSY) Hits New 12-Month Low – Here’s What Happened

goeasy Ltd. (TSE:GSY) reached a new 52-week low on Thursday . The company traded as low as C$117.52 and last traded at C$118.10, with a volume of 266368 shares trading hands. The stock had previously closed at C$122.02.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Raymond James Financial cut goeasy from a “moderate buy” rating to a “hold” rating and decreased their price objective for the company from C$208.00 to C$153.00 in a report on Wednesday, December 3rd. TD Securities cut shares of goeasy from a “buy” rating to a “hold” rating and cut their price objective for the company from C$160.00 to C$135.00 in a research note on Monday, January 19th. Jefferies Financial Group reduced their target price on shares of goeasy from C$225.00 to C$194.00 in a report on Monday, November 10th. Scotiabank lowered their price target on shares of goeasy from C$225.00 to C$210.00 in a research note on Friday, January 30th. Finally, Royal Bank Of Canada decreased their price objective on goeasy from C$194.00 to C$156.00 in a report on Friday, November 7th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$186.56.

goeasy Trading Down 3.2%

The company has a current ratio of 82.04, a quick ratio of 28.46 and a debt-to-equity ratio of 287.63. The firm has a market cap of C$1.89 billion, a PE ratio of 8.61, a PEG ratio of 0.84 and a beta of 0.39. The firm has a fifty day simple moving average of C$129.17 and a two-hundred day simple moving average of C$156.34.

goeasy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, January 9th were issued a $1.46 dividend. The ex-dividend date was Wednesday, December 24th. This represents a $5.84 annualized dividend and a yield of 4.9%. goeasy’s payout ratio is 40.48%.

goeasy Company Profile

goeasy Ltd provides financial services to own furniture, electronics, computers, and appliances. It offers merchandise leasing of household furnishings, appliances, and home electronic products to consumers under weekly or monthly leasing agreements. The company also offers unsecured installment loans to consumers. Its reportable business segments include easyhome and easyfinancial, of which it derives maximum revenue from easyfinancial segment.