goeasy (TSE:GSY) Share Price Crosses Above Fifty Day Moving Average - Should You Sell?

Shares of goeasy Ltd. (TSE:GSY - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$156.99 and traded as high as C$159.17. goeasy shares last traded at C$157.33, with a volume of 32,902 shares traded.

Analyst Upgrades and Downgrades

GSY has been the topic of several research analyst reports. BMO Capital Markets upgraded shares of goeasy from a "market perform" rating to an "outperform" rating and lowered their price objective for the stock from C$207.00 to C$200.00 in a research note on Friday, March 14th. Jefferies Financial Group dropped their price objective on shares of goeasy from C$222.00 to C$182.00 in a report on Monday. TD Securities set a C$199.00 target price on shares of goeasy and gave the company a "buy" rating in a research note on Wednesday, April 9th. Finally, Raymond James lifted their target price on goeasy from C$230.00 to C$245.00 in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$217.30.

goeasy Stock Down 3.0 %

The company has a market capitalization of C$2.42 billion, a price-to-earnings ratio of 8.79, a P/E/G ratio of 0.84 and a beta of 1.87. The business has a fifty day simple moving average of C$155.76 and a two-hundred day simple moving average of C$167.45. The company has a quick ratio of 28.46, a current ratio of 82.04 and a debt-to-equity ratio of 287.63.

goeasy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, April 11th were paid a $1.46 dividend. This is a positive change from goeasy's previous quarterly dividend of $1.17. The ex-dividend date was Friday, March 28th. This represents a $5.84 annualized dividend and a yield of 4.04%. goeasy's payout ratio is currently 28.45%.

About goeasy

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.