goeasy (TSE:GSY) Stock Price Passes Above Fifty Day Moving Average - Should You Sell?

Key Points

• goeasy shares rose above their 50-day moving average, reaching C$52.10 before closing at C$49.90, compared with a 50-day average of C$44.56.
• Analyst sentiment is cautious: the stock has a consensus “Reduce” rating and a C$37.89 price target, with six Holds, two Sells, and one Buy.
• The company reported quarterly EPS of C$1.02 and revenue of C$390.04 million, but posted negative net margin and return on equity; its debt-to-equity ratio was also high at 599.13.

Shares of goeasy Ltd. (TSE:GSY - Get Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$44.56 and traded as high as C$52.10. goeasy shares last traded at C$49.90, with a volume of 327,248 shares.

Analyst Ratings Changes

Several brokerages have commented on GSY. Raymond James Financial boosted their target price on shares of goeasy from C$42.00 to C$45.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 21st. BMO Capital Markets lowered their target price on shares of goeasy from C$45.00 to C$36.00 in a research report on Wednesday, May 13th. Desjardins dropped their target price on shares of goeasy from C$47.00 to C$38.00 and set a "buy" rating for the company in a report on Thursday, May 14th. National Bank Financial boosted their price target on goeasy from C$34.00 to C$43.00 and gave the stock a "sector perform" rating in a research note on Monday, July 27th. Finally, Scotiabank downgraded goeasy from a "sector outperform" rating to a "sector perform" rating and dropped their price objective for the company from C$55.00 to C$39.00 in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, goeasy presently has a consensus rating of "Reduce" and a consensus price target of C$37.89.

goeasy Price Performance

The company has a 50-day moving average of C$44.56 and a two-hundred day moving average of C$59.89. The company has a debt-to-equity ratio of 599.13, a current ratio of 28.22 and a quick ratio of 28.46. The stock has a market capitalization of C$800.10 million, a PE ratio of -3.06, a P/E/G ratio of 0.84 and a beta of 1.39.

goeasy (TSE:GSY - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$1.02 EPS for the quarter. The firm had revenue of C$390.04 million during the quarter. goeasy had a negative net margin of 15.76% and a negative return on equity of 26.45%. Sell-side analysts predict 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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