goeasy (TSE:GSY) Stock Price Down 57% – What’s Next?

Shares of goeasy Ltd. (TSE:GSY) traded down 57% during trading on Wednesday . The stock traded as low as C$46.26 and last traded at C$49.72. 2,958,605 shares changed hands during trading, an increase of 1,299% from the average session volume of 211,432 shares. The stock had previously closed at C$115.55.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on GSY shares. ATB Cormark Capital Markets cut their price objective on shares of goeasy from C$200.00 to C$185.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. TD Securities cut shares of goeasy from a “buy” rating to a “hold” rating and decreased their target price for the company from C$160.00 to C$135.00 in a research report on Monday, January 19th. Raymond James Financial downgraded shares of goeasy from a “moderate buy” rating to a “hold” rating and lowered their target price for the company from C$208.00 to C$153.00 in a research note on Wednesday, December 3rd. Scotiabank reduced their price target on goeasy from C$225.00 to C$210.00 in a research report on Friday, January 30th. Finally, National Bank Financial decreased their price objective on goeasy from C$245.00 to C$210.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$180.33.

goeasy Stock Down 57.0%

The firm has a market capitalization of C$796.81 million, a price-to-earnings ratio of 3.63, a P/E/G ratio of 0.84 and a beta of 0.16. The company has a quick ratio of 28.46, a current ratio of 42.83 and a debt-to-equity ratio of 383.82. The company’s 50 day moving average price is C$123.04 and its 200 day moving average price is C$146.65.

goeasy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, January 9th were paid a dividend of $1.46 per share. This represents a $5.84 annualized dividend and a yield of 11.7%. The ex-dividend date was Wednesday, December 24th. goeasy’s payout ratio is presently 40.48%.

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.