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

goeasy Ltd. (TSE:GSY) shares passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$170.36 and traded as low as C$163.67. goeasy shares last traded at C$166.71, with a volume of 55,105 shares.

Analyst Upgrades and Downgrades

GSY has been the subject of several recent analyst reports. National Bankshares upped their target price on shares of goeasy from C$235.00 to C$240.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. BMO Capital Markets increased their price objective on shares of goeasy from C$202.00 to C$207.00 in a research note on Monday, November 11th. Finally, Desjardins cut their target price on goeasy from C$215.00 to C$210.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$219.89.

goeasy Trading Up 2.4 %

The firm has a 50 day moving average of C$170.36 and a 200 day moving average of C$180.92. The firm has a market cap of C$2.80 billion, a PE ratio of 10.85, a P/E/G ratio of 0.84 and a beta of 1.87. The company has a quick ratio of 28.46, a current ratio of 15.97 and a debt-to-equity ratio of 289.31.

goeasy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, January 10th will be paid a dividend of $1.17 per share. The ex-dividend date is Friday, December 27th. This represents a $4.68 annualized dividend and a dividend yield of 2.81%. goeasy’s payout ratio is 30.45%.

Insiders Place Their Bets

In other news, Senior Officer Jason Mullins sold 2,500 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$171.76, for a total value of C$429,400.00. Also, Senior Officer Patrick Ryan Doris Ens acquired 3,050 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average price of C$172.62 per share, for a total transaction of C$526,491.00. Company insiders own 22.05% of the company’s stock.

goeasy Company Profile

goeasy Ltd. provides non-prime leasing and lending services under the easyhome, easyfinancial, and LendCare brands to consumers in Canada. The company operates through two segments, Easyfinancial and Easyhome. It offers unsecured and secured installment loans; home equity secured instalment loans and automotive vehicle financing; and loans to finance the purchase of retail goods, powersports and recreational vehicles, home improvement projects, and healthcare related products and services.