goeasy (TSE:GSY) Stock Price Passes Above Fifty Day Moving Average - Here's Why

goeasy Ltd. (TSE:GSY - Get Free Report)'s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$170.18 and traded as high as C$193.56. goeasy shares last traded at C$192.90, with a volume of 48,629 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GSY. National Bankshares lifted their price target on shares of goeasy from C$235.00 to C$240.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Desjardins decreased their price objective on shares of goeasy from C$215.00 to C$210.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets increased their target price on goeasy from C$202.00 to C$207.00 in a report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$219.89.

goeasy Trading Up 1.1 %

The business's 50-day moving average is C$170.18 and its two-hundred day moving average is C$179.06. The stock has a market capitalization of C$3.24 billion, a PE ratio of 12.55, a PEG ratio of 0.84 and a beta of 1.87. The company has a quick ratio of 28.46, a current ratio of 15.97 and a debt-to-equity ratio of 289.31.

goeasy (TSE:GSY - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported C$4.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$4.16 by C$0.16. goeasy had a return on equity of 25.28% and a net margin of 33.40%. During the same period in the previous year, the firm posted $3.81 earnings per share. On average, analysts anticipate that goeasy Ltd. will post 20.3207343 earnings per share for the current fiscal year.

goeasy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 10th were issued a $1.17 dividend. The ex-dividend date was Friday, December 27th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.43%. goeasy's payout ratio is 30.45%.

Insider Activity at goeasy

In other goeasy news, Senior Officer Jason Mullins sold 2,500 shares of the business's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$171.76, for a total value of C$429,400.00. Also, Senior Officer Patrick Ryan Doris Ens purchased 3,050 shares of the company's stock in a transaction dated Friday, November 15th. The shares were purchased at an average price of C$172.62 per share, for a total transaction of C$526,491.00. 22.05% of the stock is owned by insiders.

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.