goeasy (TSE:GSY) Stock Price Crosses Below 50 Day Moving Average - Here's Why

goeasy Ltd. (TSE:GSY - Get Free Report) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$167.63 and traded as low as C$146.02. goeasy shares last traded at C$151.14, with a volume of 61,707 shares.

Analysts Set New Price Targets

Several brokerages recently commented on GSY. Raymond James upped their price target on shares of goeasy from C$230.00 to C$245.00 in a research report on Tuesday, February 18th. BMO Capital Markets upgraded goeasy from a "market perform" rating to an "outperform" rating and dropped their price objective for the stock from C$207.00 to C$200.00 in a report on Friday, March 14th. Finally, Jefferies Financial Group reduced their target price on goeasy from C$228.00 to C$215.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, goeasy currently has a consensus rating of "Moderate Buy" and an average target price of C$223.00.

goeasy Price Performance

The business's fifty day simple moving average is C$166.93 and its 200 day simple moving average is C$171.83. The company has a debt-to-equity ratio of 287.63, a quick ratio of 28.46 and a current ratio of 82.04. The stock has a market cap of C$2.54 billion, a price-to-earnings ratio of 9.21, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87.

goeasy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, April 11th will be paid a dividend of $1.46 per share. This represents a $5.84 dividend on an annualized basis and a yield of 3.85%. This is an increase from goeasy's previous quarterly dividend of $1.17. The ex-dividend date of this dividend is Friday, March 28th. goeasy's dividend payout ratio is 28.45%.

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goeasy Company Profile

goeasy Ltd. provides non-prime leasing and lending services under the easyhome, easyfinancial, and LendCare brands to consumers in Canada. The company operates through two segments, Easyfinancial and Easyhome. It offers unsecured and secured installment loans; home equity secured instalment loans and automotive vehicle financing; and loans to finance the purchase of retail goods, powersports and recreational vehicles, home improvement projects, and healthcare related products and services.