goeasy (TSE:GSY) Shares Cross Above 50 Day Moving Average – Here’s Why

Shares of goeasy Ltd. (TSE:GSY) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$34.87 and traded as high as C$42.16. goeasy shares last traded at C$42.10, with a volume of 244,377 shares.

Analyst Ratings Changes

GSY has been the topic of several research reports. Scotiabank lowered goeasy from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from C$55.00 to C$39.00 in a research report on Tuesday, April 28th. National Bank Financial lowered their price target on goeasy from C$38.00 to C$34.00 and set a “sector perform” rating for the company in a research report on Thursday, May 14th. TD Securities dropped their price target on goeasy from C$44.00 to C$36.00 and set a “hold” rating for the company in a research note on Thursday, April 2nd. Jefferies Financial Group cut their price objective on goeasy from C$50.00 to C$39.00 in a report on Thursday, April 2nd. Finally, BMO Capital Markets reduced their price objective on goeasy from C$45.00 to C$36.00 in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, goeasy currently has a consensus rating of “Hold” and a consensus target price of C$36.56.

goeasy Price Performance

The firm’s 50-day moving average price is C$34.87 and its 200-day moving average price is C$80.61. The company has a market cap of C$675.03 million, a price-to-earnings ratio of -3.91, a price-to-earnings-growth ratio of 0.84 and a beta of 1.43.

goeasy (TSE:GSY) last issued its earnings results on Tuesday, May 12th. The company reported C($1.90) EPS for the quarter. The business had revenue of C$412.86 million during the quarter. goeasy had a negative net margin of 15.76% and a negative return on equity of 26.45%. On average, sell-side analysts anticipate that goeasy Ltd. will post 20.3207343 earnings per share for the current year.

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.