goeasy (TSE:GSY) Shares Pass Above 50-Day Moving Average – Should You Sell?

goeasy Ltd. (TSE:GSY)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$44.56 and traded as high as C$52.10. goeasy shares last traded at C$49.90, with a volume of 327,248 shares.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on GSY shares. Raymond James Financial boosted their target price on shares of goeasy from C$42.00 to C$45.00 and gave the stock a “market perform” rating in a report on Tuesday, July 21st. Scotiabank cut shares of goeasy from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from C$55.00 to C$39.00 in a report on Tuesday, April 28th. BMO Capital Markets reduced their price target on goeasy from C$45.00 to C$36.00 in a report on Wednesday, May 13th. Royal Bank Of Canada dropped their price objective on goeasy from C$33.00 to C$30.00 and set an “underperform” rating on the stock in a research note on Thursday, May 14th. Finally, National Bank Financial lifted their target price on goeasy from C$34.00 to C$43.00 and gave the stock a “sector perform” rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of C$37.89.

goeasy Stock Up 6.3%

The firm has a 50-day simple moving average of C$44.56 and a two-hundred day simple moving average of C$59.89. The stock has a market cap of C$800.10 million, a P/E ratio of -3.06, a PEG ratio of 0.84 and a beta of 1.39. The company has a current ratio of 28.22, a quick ratio of 28.46 and a debt-to-equity ratio of 599.13.

goeasy (TSE:GSY) last released its quarterly earnings results on Thursday, August 6th. The company reported C$1.02 EPS for the quarter. goeasy had a negative net margin of 15.76% and a negative return on equity of 26.45%. The business had revenue of C$390.04 million for the quarter. Equities research analysts expect that goeasy Ltd. will post 20.3207343 earnings per share for the current fiscal year.

goeasy Company Profile

goeasy Ltd provides financial services to own furniture, electronics, computers, and appliances. It offers merchandise leasing of household furnishings, appliances, and home electronic products to consumers under weekly or monthly leasing agreements. The company also offers unsecured installment loans to consumers. Its reportable business segments include easyhome and easyfinancial, of which it derives maximum revenue from easyfinancial segment.