goeasy (TSE:GSY) Shares Cross Below 50-Day Moving Average - Should You Sell?

Key Points

• goeasy shares fell below their 50-day moving average, trading as low as C$41.91 versus the C$45.70 average, and last changed hands at C$42.59.
• Analyst sentiment is mostly cautious: one analyst rates the stock Buy, six rate it Hold, and two rate it Sell. The consensus rating is “Reduce”, with an average price target of C$42.89.
• The company reported quarterly EPS of C$1.02 and revenue of C$390.04 million, but posted a negative net margin of 20.21%; insiders have also sold 4,340 shares worth approximately C$196,239 over the past 90 days.

goeasy Ltd. (TSE:GSY - Get Free Report) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$45.70 and traded as low as C$41.91. goeasy shares last traded at C$42.59, with a volume of 67,346 shares changing hands.

Analyst Ratings Changes

GSY has been the topic of a number of analyst reports. Raymond James Financial boosted their price target on 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. Jefferies Financial Group raised their price objective on goeasy from C$45.00 to C$51.00 in a research report on Monday, August 10th. Royal Bank Of Canada lifted their price objective on goeasy from C$30.00 to C$35.00 in a research note on Monday, August 10th. ATB Cormark Capital Markets downgraded goeasy from a "market perform" rating to an "underperform" rating and set a C$35.00 target price on the stock. in a report on Wednesday, July 29th. Finally, Desjardins increased their target price on goeasy from C$38.00 to C$56.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Reduce" and an average price target of C$42.89.

goeasy Trading Up 0.1%

The company has a market capitalization of C$682.89 million, a P/E ratio of -2.04, a PEG ratio of 0.84 and a beta of 1.33. The stock has a fifty day moving average of C$45.70 and a 200 day moving average of C$43.56. The company has a debt-to-equity ratio of 558.73, a quick ratio of 28.46 and a current ratio of 22.81.

goeasy (TSE:GSY - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$1.02 earnings per share for the quarter. The business had revenue of C$390.04 million during the quarter. goeasy had a negative net margin of 20.21% and a negative return on equity of 37.13%. As a group, equities research analysts anticipate that goeasy Ltd. will post 20.3207343 EPS for the current fiscal year.

Insider Buying and Selling at goeasy

In other news, insider Courtenay Andrew Ames Plaunt sold 979 shares of the business's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of C$45.22, for a total transaction of C$44,270.38. Following the completion of the sale, the insider directly owned 505 shares of the company's stock, valued at approximately C$22,836.10. The trade was a 65.97% decrease in their ownership of the stock. Insiders sold 4,340 shares of company stock worth $196,239 in the last ninety days. 22.05% of the stock is currently owned by company insiders.

About goeasy

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.

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