goeasy (TSE:GSY) Share Price Crosses Below 50-Day Moving Average - Time to Sell?

Key Points

• goeasy shares fell below their 50-day moving average, trading as low as C$42.90 versus the C$43.58 average, though they last traded at C$43.93.
• Analyst sentiment is cautious: one analyst rates the stock Buy, six rate it Hold, and two rate it Sell. The consensus rating is “Reduce,” with a C$42.89 price target.
• The company reported C$1.02 in quarterly EPS and C$390.04 million in revenue, but posted a negative 20.21% net margin and 37.13% return on equity. Insiders have sold approximately C$217,486 of shares over the past 90 days.

goeasy Ltd. (TSE:GSY - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$43.58 and traded as low as C$42.90. goeasy shares last traded at C$43.93, with a volume of 49,074 shares changing hands.

Analysts Set New Price Targets

GSY has been the subject of several recent analyst reports. National Bank Financial lifted their price target on goeasy from C$43.00 to C$53.00 and gave the stock a "sector perform" rating in a research report on Monday, August 10th. ATB Cormark Capital Markets downgraded shares of goeasy from a "market perform" rating to an "underperform" rating and set a C$35.00 price objective on the stock. in a research report on Wednesday, July 29th. Raymond James Financial increased their price objective on shares of goeasy from C$42.00 to C$45.00 and gave the company a "market perform" rating in a research report on Tuesday, July 21st. Royal Bank Of Canada raised their price objective on shares of goeasy from C$30.00 to C$35.00 in a research note on Monday, August 10th. Finally, Jefferies Financial Group lifted their target price on shares of goeasy from C$45.00 to C$51.00 in a report on Monday, August 10th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of C$42.89.

goeasy Price Performance

The firm has a 50-day moving average of C$43.58 and a 200-day moving average of C$40.69. The company has a debt-to-equity ratio of 558.73, a quick ratio of 28.46 and a current ratio of 22.81. The firm has a market capitalization of C$704.37 million, a P/E ratio of -2.10, a PEG ratio of 0.84 and a beta of 1.14.

goeasy (TSE:GSY - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported C$1.02 EPS for the quarter. The business had revenue of C$390.04 million during the quarter. goeasy had a negative return on equity of 37.13% and a negative net margin of 20.21%. As a group, analysts predict that goeasy Ltd. will post 20.32 EPS for the current year.

Insider Activity

In other news, insider Courtenay Andrew Ames Plaunt sold 2,591 shares of the company's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of C$45.22, for a total transaction of C$117,165.02. Insiders sold 4,837 shares of company stock worth $217,486 over the last 90 days. Corporate insiders own 22.05% of the company's stock.

goeasy Company Profile

goeasy Ltd. is a leading Canadian provider of non-prime consumer lending solutions, offering a suite of financial products through its easyfinancial, easyhome, and LendCare brands. goeasy offers unsecured and secured instalment loans, point-of-sale financing, and lease-to-own merchandise through its omni-channel model, which spans online, mobile, and hundreds of locations nationwide. Driven by its team members' dedication to expand access to credit for underserved communities and helping customers strengthen their financial futures, goeasy has proudly served more than 1.6 million customers while building an award-winning culture.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.