goeasy (TSE:GSY) Sets New 12-Month Low – Should You Sell?

goeasy Ltd. (TSE:GSY)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$151.57 and last traded at C$151.77, with a volume of 29861 shares traded. The stock had previously closed at C$157.09.

Analyst Ratings Changes

GSY has been the topic of several recent research reports. BMO Capital Markets increased their price objective on shares of goeasy from C$202.00 to C$207.00 in a research note on Monday, November 11th. Raymond James raised their target price on goeasy from C$230.00 to C$245.00 in a report on Tuesday, February 18th. Finally, Jefferies Financial Group cut their price target on goeasy from C$228.00 to C$215.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$223.78.

goeasy Price Performance

The firm has a market cap of C$2.53 billion, a P/E ratio of 9.16, a P/E/G ratio of 0.84 and a beta of 1.87. The firm’s fifty day simple moving average is C$171.76 and its 200 day simple moving average is C$174.90. The company has a debt-to-equity ratio of 287.63, a quick ratio of 28.46 and a current ratio of 82.04.

goeasy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 10th were paid a $1.17 dividend. This represents a $4.68 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Friday, December 27th. goeasy’s payout ratio is 28.45%.

About goeasy

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.