goeasy (TSE:GSY) Share Price Crosses Below 50 Day Moving Average - Here's What Happened

goeasy Ltd. (TSE:GSY - Get Free Report)'s stock price passed 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 traded.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GSY. Jefferies Financial Group cut their price objective on shares of goeasy from C$222.00 to C$182.00 in a research report on Monday, April 21st. Cormark cut their price target on goeasy from C$240.00 to C$210.00 in a report on Thursday, April 24th. Scotiabank reduced their price objective on goeasy from C$240.00 to C$215.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. TD Securities lowered their price objective on goeasy from C$199.00 to C$192.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, BMO Capital Markets raised goeasy from a "market perform" rating to an "outperform" rating and reduced their target price for the stock from C$207.00 to C$200.00 in a research report on Friday, March 14th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$211.13.

goeasy Stock Performance

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 firm has a market capitalization of C$2.53 billion, a price-to-earnings ratio of 9.19, a PEG ratio of 0.84 and a beta of 1.87. The stock has a fifty day moving average price of C$151.72 and a 200-day moving average price of C$163.76.

goeasy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, April 11th were paid a dividend of $1.46 per share. This is a positive change from goeasy's previous quarterly dividend of $1.17. This represents a $5.84 annualized dividend and a yield of 3.86%. The ex-dividend date was Friday, March 28th. goeasy's dividend payout ratio is currently 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.

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