goeasy (TSE:GSY) Stock Price Passes Below 200-Day Moving Average – Here’s Why

goeasy Ltd. (TSE:GSY)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$91.97 and traded as low as C$35.05. goeasy shares last traded at C$36.61, with a volume of 109,003 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GSY. TD Securities reduced their price objective on goeasy from C$44.00 to C$36.00 and set a “hold” rating on the stock in a research note on Thursday, April 2nd. Raymond James Financial lowered their price objective on goeasy from C$46.50 to C$42.00 and set a “market perform” rating for the company in a research note on Thursday, May 14th. Scotiabank cut goeasy from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$55.00 to C$39.00 in a report on Tuesday, April 28th. Desjardins cut their target price on goeasy from C$47.00 to C$38.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Finally, National Bank Financial lowered their price target on goeasy from C$38.00 to C$34.00 and set a “sector perform” rating for the company in a research report on Thursday, May 14th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$36.56.

goeasy Price Performance

The stock has a market capitalization of C$574.82 million, a PE ratio of -3.33, a P/E/G ratio of 0.84 and a beta of 1.05. The firm has a fifty day moving average price of C$33.93 and a two-hundred day moving average price of C$91.09.

goeasy (TSE:GSY) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C($1.90) earnings per share (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$412.86 million for the quarter. On average, 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.