goeasy (TSE:GSY) Sets New 12-Month Low - Here's What Happened

Key Points

• 52-week low: goeasy shares fell to C$33.01 (down about 5.8% intraday) on heavy volume, marking a new 12‑month low.
• Analyst downgrades and price-target cuts: Multiple firms cut ratings/targets on April 2 (e.g., RBC to C$33, Jefferies to C$39), while MarketBeat shows a consensus "Hold" rating and a consensus price target of C$72.
• Weak results and stretched balance sheet: The company reported C($20.25) EPS for the quarter with negative ROE and net margin, very high debt-to-equity (~543.9%), and a market cap of about C$530M.

goeasy Ltd. (TSE:GSY - Get Free Report) shares reached a new 52-week low during mid-day 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.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GSY. Jefferies Financial Group lowered their price target on goeasy from C$50.00 to C$39.00 in a research report on Thursday, April 2nd. Royal Bank Of Canada lowered their price target on goeasy from C$52.00 to C$33.00 in a research report on Thursday, April 2nd. TD Securities lowered their price target on goeasy from C$44.00 to C$36.00 and set a "hold" rating for the company in a research report on Thursday, April 2nd. Raymond James Financial lowered their price target on goeasy from C$77.00 to C$50.00 in a research report on Thursday, April 2nd. Finally, ATB Cormark Capital Markets lowered goeasy from a "moderate buy" rating to a "hold" rating and lowered their price target for the stock from C$85.00 to C$42.00 in a research report on Thursday, April 2nd. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of C$72.00.

goeasy Trading Down 5.8%

The firm has a 50-day moving average price of C$86.75 and a 200-day moving average price of C$123.46. The stock has a market cap of C$530.21 million, a PE ratio of -3.07, a price-to-earnings-growth ratio of 0.84 and a beta of 1.33. The company has a debt-to-equity ratio of 543.86, a quick ratio of 28.46 and a current ratio of 23.15.

goeasy (TSE:GSY - Get Free Report) last released its quarterly earnings data on Wednesday, April 1st. The company reported C($20.25) EPS for the quarter. goeasy had a negative return on equity of 16.05% and a negative net margin of 10.51%.The business had revenue of C$446.40 million during the quarter. As a group, equities analysts anticipate that goeasy Ltd. will post 20.3207343 EPS for the current fiscal 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.

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