goeasy (TSE:GSY) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

goeasy Ltd. (TSE:GSY) 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 trading hands.

Wall Street Analysts Forecast Growth

GSY has been the topic of a number of research reports. TD Securities lowered their price target on goeasy from C$44.00 to C$36.00 and set a “hold” rating on the stock in a research report on Thursday, April 2nd. Royal Bank Of Canada lowered their price target on goeasy from C$33.00 to C$30.00 and set an “underperform” rating on the stock in a research report on Thursday, May 14th. BMO Capital Markets lowered their price target on goeasy from C$45.00 to C$36.00 in a research report on Wednesday, May 13th. Raymond James Financial lowered their price target on goeasy from C$46.50 to C$42.00 and set a “market perform” rating on the stock in a research report on Thursday, May 14th. Finally, Jefferies Financial Group lowered their price target on goeasy from C$50.00 to C$39.00 in a research report on Thursday, April 2nd. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, goeasy has a consensus rating of “Hold” and an average price target of C$36.56.

goeasy Stock Down 0.8%

The stock has a market cap of C$600.15 million, a PE ratio of -3.47, a P/E/G ratio of 0.84 and a beta of 1.43. The company has a fifty day moving average price of C$34.39 and a 200 day moving average price of C$84.49.

goeasy (TSE:GSY) last released its quarterly earnings data 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 predict that goeasy Ltd. will post 20.3207343 earnings per share for the current 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.