goeasy (TSE:GSY) Shares Cross Below 50-Day Moving Average – Here’s What Happened

goeasy Ltd. (TSE:GSY)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$167.63 and traded as low as C$146.02. goeasy shares last traded at C$151.14, with a volume of 61,707 shares changing hands.

Analysts Set New Price Targets

GSY has been the subject of a number of recent analyst reports. BMO Capital Markets upgraded goeasy from a “market perform” rating to an “outperform” rating and cut their price objective for the company from C$207.00 to C$200.00 in a research report on Friday, March 14th. Jefferies Financial Group cut their price objective on goeasy from C$228.00 to C$215.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Finally, Raymond James boosted their price target on goeasy from C$230.00 to C$245.00 in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, goeasy has a consensus rating of “Moderate Buy” and an average target price of C$223.00.

goeasy Price Performance

The company has a quick ratio of 28.46, a current ratio of 82.04 and a debt-to-equity ratio of 287.63. The company has a 50-day moving average of C$167.63 and a 200 day moving average of C$172.29. The stock has a market capitalization of C$2.53 billion, a PE ratio of 9.19, a PEG ratio of 0.84 and a beta of 1.87.

goeasy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, April 11th will be issued a $1.46 dividend. This is a boost from goeasy’s previous quarterly dividend of $1.17. This represents a $5.84 annualized dividend and a yield of 3.86%. The ex-dividend date is Friday, March 28th. goeasy’s dividend payout ratio is presently 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.