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

goeasy Ltd. (TSE:GSY) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$172.24 and traded as low as C$166.03. goeasy shares last traded at C$166.03, with a volume of 36,880 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. BMO Capital Markets upped their price target on goeasy from C$202.00 to C$207.00 in a report on Monday, November 11th. Raymond James lifted their price objective on shares of goeasy from C$230.00 to C$245.00 in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group lowered their price objective on shares of goeasy from C$228.00 to C$215.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, goeasy has an average rating of “Moderate Buy” and an average target price of C$223.78.

goeasy Stock Performance

The firm’s fifty day moving average price is C$172.33 and its 200 day moving average price is C$176.12. The company has a current ratio of 82.04, a quick ratio of 28.46 and a debt-to-equity ratio of 287.63. The firm has a market capitalization of C$2.76 billion, a PE ratio of 10.00, a PEG ratio of 0.84 and a beta of 1.87.

goeasy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 10th were issued a dividend of $1.17 per share. This represents a $4.68 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend was Friday, December 27th. goeasy’s dividend payout ratio is currently 28.45%.

Insider Activity

In other news, Senior Officer Jason Mullins sold 2,500 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$171.76, for a total transaction of C$429,400.00. 22.05% of the stock is currently owned by corporate 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.