goeasy (TSE:GSY) Shares Pass Above 50-Day Moving Average – What’s Next?

goeasy Ltd. (TSE:GSY) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$34.39 and traded as high as C$38.22. goeasy shares last traded at C$37.43, with a volume of 97,111 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada dropped their price objective on goeasy from C$33.00 to C$30.00 and set an “underperform” rating for the company in a report on Thursday, May 14th. BMO Capital Markets dropped their price objective on goeasy from C$45.00 to C$36.00 in a report on Wednesday, May 13th. National Bank Financial dropped their price objective on goeasy from C$38.00 to C$34.00 and set a “sector perform” rating for the company in a report on Thursday, May 14th. ATB Cormark Capital Markets dropped their price objective on goeasy from C$42.00 to C$35.00 and set a “sector perform” rating for the company in a report on Thursday, May 14th. Finally, Desjardins dropped their price objective on goeasy from C$47.00 to C$38.00 and set a “buy” rating for the company in a report on Thursday, May 14th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$36.56.

goeasy Trading Up 5.9%

The stock has a market capitalization of C$645.37 million, a P/E ratio of -3.73, a price-to-earnings-growth ratio of 0.84 and a beta of 1.43. The company has a 50-day moving average price of C$34.44 and a 200 day moving average price of C$83.58.

goeasy (TSE:GSY) last released its quarterly earnings results on Tuesday, May 12th. The company reported C($1.90) EPS for the quarter. The company had revenue of C$412.86 million during the quarter. goeasy had a negative return on equity of 26.45% and a negative net margin of 15.76%. As a group, research analysts expect that goeasy Ltd. will post 20.3207343 earnings per share for the current year.

About goeasy

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.