goeasy (TSE:GSY) Shares Cross Below 50-Day Moving Average - What's Next?

Key Points

• goeasy shares fell below their 50-day moving average, reaching C$42.02 and last trading at C$42.91 versus the C$45.09 average.
• Analyst sentiment remains cautious: the stock has an average “Reduce” rating and a C$42.89 consensus price target, with one Buy, six Hold, and two Sell ratings.
• 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 sold about C$196,239 worth of shares in the latest quarter.

goeasy Ltd. (TSE:GSY - Get Free Report) shares crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of C$45.09 and traded as low as C$42.02. goeasy shares last traded at C$42.91, with a volume of 78,846 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on GSY shares. National Bank Financial increased their price objective on goeasy from C$43.00 to C$53.00 and gave the company a "sector perform" rating in a report on Monday, August 10th. Desjardins lifted their target price on goeasy from C$38.00 to C$56.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Raymond James Financial upped their target price on 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. ATB Cormark Capital Markets downgraded shares of goeasy from a "market perform" rating to an "underperform" rating and set a C$35.00 price target on the stock. in a report on Wednesday, July 29th. Finally, Jefferies Financial Group raised their price target on shares of goeasy from C$45.00 to C$51.00 in a research report on Monday, August 10th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, goeasy has an average rating of "Reduce" and an average price target of C$42.89.

goeasy Stock Up 0.0%

The stock has a market capitalization of C$688.02 million, a price-to-earnings ratio of -2.06, a price-to-earnings-growth ratio of 0.84 and a beta of 1.33. The business's 50-day moving average is C$45.09 and its two-hundred day moving average is C$40.80. The company has a quick ratio of 28.46, a current ratio of 22.81 and a debt-to-equity ratio of 558.73.

goeasy (TSE:GSY - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported C$1.02 EPS for the quarter. The company 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%. Equities analysts anticipate that goeasy Ltd. will post 20.3207343 EPS for the current year.

Insider Buying and Selling

In related news, insider Courtenay Andrew Ames Plaunt sold 2,591 shares of goeasy stock in a transaction that occurred 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 a total of 4,340 shares of company stock worth $196,239 in the last quarter. Company 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.

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