goeasy (TSE:GSY) Sets New 52-Week Low – Time to Sell?

goeasy Ltd. (TSE:GSY) hit a new 52-week low on Friday . The company traded as low as C$106.42 and last traded at C$106.75, with a volume of 50342 shares. The stock had previously closed at C$110.23.

Analyst Upgrades and Downgrades

A number of analysts recently commented on GSY shares. Jefferies Financial Group dropped their price target on goeasy from C$225.00 to C$194.00 in a report on Monday, November 10th. BMO Capital Markets cut their price target on shares of goeasy from C$232.00 to C$226.00 in a report on Thursday, November 6th. ATB Cormark Capital Markets reduced their price target on shares of goeasy from C$200.00 to C$185.00 and set an “outperform” rating for the company in a research report on Friday, February 13th. Royal Bank Of Canada cut their target price on shares of goeasy from C$194.00 to C$156.00 in a research report on Friday, November 7th. Finally, National Bank Financial reduced their target price on shares of goeasy from C$245.00 to C$210.00 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$186.56.

goeasy Trading Down 2.6%

The firm has a 50 day simple moving average of C$127.68 and a 200 day simple moving average of C$153.29. The company has a debt-to-equity ratio of 287.63, a quick ratio of 28.46 and a current ratio of 82.04. The firm has a market cap of C$1.72 billion, a P/E ratio of 7.83, a P/E/G ratio of 0.84 and a beta of 0.39.

goeasy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, January 9th were given a $1.46 dividend. This represents a $5.84 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Wednesday, December 24th. goeasy’s dividend payout ratio (DPR) 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.