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

Shares of goeasy Ltd. (TSE:GSY) hit a new 52-week low on Tuesday . The stock traded as low as C$58.26 and last traded at C$60.52, with a volume of 663000 shares traded. The stock had previously closed at C$115.55.

Wall Street Analyst Weigh In

GSY has been the subject of a number of recent research reports. National Bank Financial decreased their price objective on goeasy from C$245.00 to C$210.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. TD Securities cut goeasy from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$160.00 to C$135.00 in a report on Monday, January 19th. ATB Cormark Capital Markets dropped their price objective on goeasy from C$200.00 to C$185.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. BMO Capital Markets cut their price target on goeasy from C$225.00 to C$170.00 and set an “outperform” rating on the stock in a report on Wednesday, March 4th. Finally, Jefferies Financial Group decreased their price objective on shares of goeasy from C$225.00 to C$194.00 in a report on Monday, November 10th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$180.33.

goeasy Stock Performance

The company has a current ratio of 42.83, a quick ratio of 28.46 and a debt-to-equity ratio of 383.82. The stock has a market cap of C$969.89 million, a price-to-earnings ratio of 4.41, a P/E/G ratio of 0.84 and a beta of 0.16. The firm has a fifty day simple moving average of C$124.65 and a 200-day simple moving average of C$147.78.

goeasy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, January 9th were issued a dividend of $1.46 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $5.84 dividend on an annualized basis and a dividend yield of 9.6%. goeasy’s dividend payout ratio (DPR) is currently 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.