goeasy (TSE:GSY) Shares Up 14.3% – Here’s What Happened

goeasy Ltd. (TSE:GSY)’s stock price was up 14.3% on Friday . The stock traded as high as C$40.27 and last traded at C$40.04. Approximately 478,281 shares were traded during mid-day trading, an increase of 75% from the average daily volume of 273,711 shares. The stock had previously closed at C$35.02.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GSY. Royal Bank Of Canada downgraded shares of goeasy from a “hold” rating to a “strong sell” rating in a report on Wednesday. TD Securities cut goeasy from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$160.00 to C$135.00 in a report on Monday, January 19th. National Bank Financial downgraded goeasy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. ATB Cormark Capital Markets lowered their price objective on goeasy from C$200.00 to C$185.00 and set an “outperform” rating on the stock in a research note on Friday, February 13th. Finally, Jefferies Financial Group cut goeasy from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, goeasy presently has an average rating of “Hold” and an average target price of C$180.33.

goeasy Stock Up 11.3%

The firm’s fifty day simple moving average is C$119.30 and its two-hundred day simple moving average is C$145.14. The company has a current ratio of 42.83, a quick ratio of 28.46 and a debt-to-equity ratio of 383.82. The company has a market capitalization of C$624.69 million, a price-to-earnings ratio of 2.84, a price-to-earnings-growth ratio of 0.84 and a beta of 0.16.

goeasy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, January 9th were issued a $1.46 dividend. The ex-dividend date was Wednesday, December 24th. This represents a $5.84 dividend on an annualized basis and a yield of 15.0%. goeasy’s dividend payout ratio is currently 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.