goeasy (TSE:GSY) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

goeasy Ltd. (TSE:GSY) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$74.50 and traded as low as C$46.26. goeasy shares last traded at C$47.51, with a volume of 68,359 shares.

Analyst Ratings Changes

Several brokerages have recently commented on GSY. Royal Bank Of Canada reduced their price target on shares of goeasy from C$33.00 to C$30.00 and set an “underperform” rating on the stock in a research report on Thursday, May 14th. TD Securities lowered their price objective on goeasy from C$44.00 to C$36.00 and set a “hold” rating for the company in a report on Thursday, April 2nd. Scotiabank cut goeasy from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from C$55.00 to C$39.00 in a research note on Tuesday, April 28th. Jefferies Financial Group reduced their target price on goeasy from C$50.00 to C$39.00 in a report on Thursday, April 2nd. Finally, BMO Capital Markets decreased their target price on goeasy from C$45.00 to C$36.00 in a research report 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, the company presently has a consensus rating of “Hold” and a consensus target price of C$36.56.

goeasy Trading Up 1.8%

The stock’s 50-day moving average price is C$37.14 and its 200-day moving average price is C$74.50. The company has a market capitalization of C$761.78 million, a P/E ratio of -4.41, a P/E/G ratio of 0.84 and a beta of 1.43.

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

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.