goeasy (TSE:GSY) Stock Passes Below 50 Day Moving Average - Time to Sell?

goeasy Ltd. (TSE:GSY - Get Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$151.72 and traded as low as C$150.00. goeasy shares last traded at C$151.20, with a volume of 32,792 shares trading hands.

Analysts Set New Price Targets

Several analysts recently issued reports on GSY shares. Raymond James lifted their price target on shares of goeasy from C$230.00 to C$245.00 in a research report on Tuesday, February 18th. Jefferies Financial Group reduced their price target on shares of goeasy from C$222.00 to C$182.00 in a research report on Monday, April 21st. BMO Capital Markets raised shares of goeasy from a "market perform" rating to an "outperform" rating and reduced their price target for the company from C$207.00 to C$200.00 in a research report on Friday, March 14th. TD Securities reduced their price target on shares of goeasy from C$199.00 to C$192.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Finally, Cormark reduced their price target on shares of goeasy from C$240.00 to C$210.00 in a research report on Thursday, April 24th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$211.13.

goeasy Stock Up 1.2%

The company has a current ratio of 82.04, a quick ratio of 28.46 and a debt-to-equity ratio of 287.63. The stock has a market capitalization of C$2.48 billion, a PE ratio of 8.98, a P/E/G ratio of 0.84 and a beta of 1.87. The stock's fifty day simple moving average is C$151.74 and its 200-day simple moving average is C$162.89.

goeasy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, April 11th were paid a dividend of $1.46 per share. This represents a $5.84 dividend on an annualized basis and a dividend yield of 3.95%. This is a boost from goeasy's previous quarterly dividend of $1.17. The ex-dividend date was Friday, March 28th. goeasy's payout ratio is presently 28.45%.

About goeasy

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.