goeasy (OTCMKTS:EHMEF) Stock Falls 3.1% – Here’s What Happened

Shares of goeasy Ltd. (OTCMKTS:EHMEF) traded down 3.1% on Thursday. The company traded as low as $30.00 and last traded at $30.00. Approximately 6,843 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 15,263 shares. The stock had previously closed at $30.9615.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada restated an “underperform” rating on shares of goeasy in a report on Monday, August 10th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, goeasy currently has an average rating of “Reduce”.

goeasy Price Performance

The stock’s 50 day moving average price is $31.05 and its two-hundred day moving average price is $29.28.

goeasy Company Profile

goeasy Ltd. is a Canadian alternative financial services company that provides lending and lease-to-own solutions to consumers. The company operates primarily through its easyfinancial and easyhome businesses, serving customers who may have limited access to traditional banking and credit products.

Through easyfinancial, goeasy offers personal loans, secured and unsecured lending products, and related financial services. The easyhome business provides household furniture, appliances, electronics and other consumer goods through lease-to-own arrangements, allowing customers to make recurring payments while obtaining access to products for their homes.

The company traces its roots to 1990 and was originally associated with the easyhome brand.