goeasy (TSE:GSY) Reaches New 12-Month Low – Here’s Why

goeasy Ltd. (TSE:GSY) reached a new 52-week low during trading on Tuesday . The stock traded as low as C$33.01 and last traded at C$33.01, with a volume of 289761 shares traded. The stock had previously closed at C$35.11.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. ATB Cormark Capital Markets downgraded goeasy from a “moderate buy” rating to a “hold” rating and reduced their price objective for the stock from C$85.00 to C$42.00 in a report on Thursday, April 2nd. Raymond James Financial reduced their price objective on goeasy from C$77.00 to C$50.00 in a report on Thursday, April 2nd. Royal Bank Of Canada reduced their price objective on goeasy from C$52.00 to C$33.00 in a report on Thursday, April 2nd. BMO Capital Markets downgraded goeasy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Finally, Scotiabank cut their price target on goeasy from C$61.00 to C$55.00 in a research note on Thursday, April 2nd. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, goeasy currently has a consensus rating of “Hold” and a consensus target price of C$72.00.

goeasy Trading Down 5.8%

The stock has a 50 day simple moving average of C$86.75 and a 200-day simple moving average of C$123.46. The firm has a market capitalization of C$530.21 million, a P/E ratio of -3.07, a P/E/G ratio of 0.84 and a beta of 1.33. The company has a current ratio of 23.15, a quick ratio of 28.46 and a debt-to-equity ratio of 543.86.

goeasy (TSE:GSY) last released its quarterly earnings results on Wednesday, April 1st. The company reported C($20.25) earnings per share (EPS) for the quarter. The firm had revenue of C$446.40 million for the quarter. goeasy had a negative net margin of 10.51% and a negative return on equity of 16.05%. On average, equities research analysts forecast that goeasy Ltd. will post 20.3207343 EPS 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.