goeasy (OTCMKTS:EHMEF) Trading 2.4% Higher – Time to Buy?

Shares of goeasy Ltd. (OTCMKTS:EHMEF) rose 2.4% during trading on Tuesday . The stock traded as high as $94.53 and last traded at $94.53. Approximately 33,280 shares were traded during mid-day trading, an increase of 424% from the average daily volume of 6,351 shares. The stock had previously closed at $92.30.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on EHMEF shares. Raymond James Financial lowered shares of goeasy from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 2nd. Scotiabank upgraded goeasy from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 16th. Finally, Royal Bank Of Canada started coverage on goeasy in a research note on Wednesday, October 1st. They set a “sector perform” rating for the company. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

goeasy Stock Up 2.4%

The firm’s fifty day moving average is $99.63 and its 200 day moving average is $121.03.

About goeasy

goeasy Ltd. is a Canadian alternative financial services provider that specializes in serving non-prime and near-prime consumers. Through its two primary operating divisions—easyhome and easyfinancial—the company offers lease-to-own solutions for household furnishings and electronic goods, as well as unsecured, fixed-term installment loans and lines of credit. These services are designed to provide accessible credit options to individuals who may not qualify for traditional banking products.

The easyhome division operates a network of retail locations across Canada, where customers can lease furniture, appliances and electronics with the option to own products outright at the end of the term.