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

goeasy Ltd. (TSE:GSY - Get Free Report)'s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$151.71 and traded as low as C$149.50. goeasy shares last traded at C$150.24, with a volume of 42,565 shares trading hands.

Analysts Set New Price Targets

Several brokerages have weighed in on GSY. National Bankshares dropped their price objective on shares of goeasy from C$240.00 to C$235.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. Jefferies Financial Group lowered their target price on shares of goeasy from C$222.00 to C$182.00 in a report on Monday, April 21st. 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. Scotiabank cut their price target on goeasy from C$240.00 to C$215.00 and set a "sector perform" rating for the company in a research note on Thursday, April 24th. Finally, BMO Capital Markets raised goeasy from a "market perform" rating to an "outperform" rating and reduced their price target 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 given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$211.13.

goeasy Price Performance

The company's 50-day moving average is C$151.56 and its 200-day moving average is C$161.72. The firm has a market cap of C$2.53 billion, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87. The company has a current ratio of 82.04, a quick ratio of 28.46 and a debt-to-equity ratio of 287.63.

goeasy Increases Dividend

The firm also recently announced 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. The ex-dividend date was Friday, March 28th. This is a boost from goeasy's previous quarterly dividend of $1.17. This represents a $5.84 annualized dividend and a yield of 3.87%. goeasy's dividend payout ratio is presently 28.45%.

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.