goeasy (TSE:GSY) Shares Down 57% – Time to Sell?

goeasy Ltd. (TSE:GSY) was down 57% on Wednesday . The company traded as low as C$46.26 and last traded at C$49.72. Approximately 2,958,605 shares changed hands during trading, an increase of 1,299% from the average daily volume of 211,432 shares. The stock had previously closed at C$115.55.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GSY. BMO Capital Markets dropped their price target on goeasy from C$225.00 to C$170.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Raymond James Financial downgraded 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. ATB Cormark Capital Markets lowered their price objective on shares of goeasy from C$200.00 to C$185.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. Scotiabank dropped their target price on shares of goeasy from C$225.00 to C$210.00 in a report on Friday, January 30th. Finally, National Bank Financial cut their target price on shares of goeasy from C$245.00 to C$210.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$180.33.

goeasy Price Performance

The firm has a 50-day simple moving average of C$123.04 and a 200-day simple moving average of C$146.65. The firm has a market cap of C$796.81 million, a P/E ratio of 3.63, a PEG ratio of 0.84 and a beta of 0.16. The company has a current ratio of 42.83, a quick ratio of 28.46 and a debt-to-equity ratio of 383.82.

goeasy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, January 9th were given 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 yield of 11.7%. goeasy’s dividend payout ratio (DPR) is presently 40.48%.

About goeasy

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.