goeasy (TSE:GSY) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Shares of goeasy Ltd. (TSE:GSY) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$184.05 and traded as high as C$190.47. goeasy shares last traded at C$189.02, with a volume of 34,529 shares changing hands.

Analyst Ratings Changes

GSY has been the subject of several research analyst reports. Scotiabank upped their price objective on goeasy from C$215.00 to C$222.00 in a report on Friday, August 9th. National Bankshares upped their price target on shares of goeasy from C$210.00 to C$235.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Finally, BMO Capital Markets lifted their price objective on shares of goeasy from C$215.00 to C$218.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, goeasy presently has an average rating of “Moderate Buy” and an average target price of C$220.00.

goeasy Stock Performance

The company has a quick ratio of 28.46, a current ratio of 15.97 and a debt-to-equity ratio of 289.31. The firm has a market capitalization of C$3.18 billion, a PE ratio of 12.30, a P/E/G ratio of 0.84 and a beta of 1.87. The firm’s 50-day moving average price is C$184.05 and its two-hundred day moving average price is C$182.36.

goeasy (TSE:GSY) last released its earnings results on Thursday, August 8th. The company reported C$4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$4.01 by C$0.09. goeasy had a return on equity of 25.28% and a net margin of 33.40%. The company had revenue of C$377.80 million during the quarter, compared to analyst estimates of C$372.40 million. As a group, research analysts predict that goeasy Ltd. will post 20.3207343 earnings per share for the current fiscal year.

goeasy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, October 11th were paid a dividend of $1.17 per share. The ex-dividend date was Friday, September 27th. This represents a $4.68 annualized dividend and a yield of 2.48%. goeasy’s dividend payout ratio (DPR) is presently 30.45%.

Insider Transactions at goeasy

In related news, Senior Officer Jason Mullins sold 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of C$188.00, for a total transaction of C$846,000.00. 22.05% of the stock is owned by insiders.

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.