goeasy (TSE:GSY) Hits New 52-Week Low – Here’s Why

goeasy Ltd. (TSE:GSY) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$151.57 and last traded at C$151.77, with a volume of 29861 shares traded. The stock had previously closed at C$157.09.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on GSY shares. BMO Capital Markets increased their price target on goeasy from C$202.00 to C$207.00 in a report on Monday, November 11th. 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 research note on Tuesday, February 11th. Finally, Raymond James boosted their target price on shares of goeasy from C$230.00 to C$245.00 in a research note on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, goeasy has an average rating of “Moderate Buy” and a consensus price target of C$223.78.

goeasy Stock Down 4.0 %

The company has a quick ratio of 28.46, a current ratio of 82.04 and a debt-to-equity ratio of 287.63. The company has a market cap of C$2.53 billion, a P/E ratio of 9.16, a P/E/G ratio of 0.84 and a beta of 1.87. The business’s 50 day moving average is C$171.76 and its 200 day moving average is C$174.90.

goeasy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 10th were paid a $1.17 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $4.68 annualized dividend and a yield of 3.10%. goeasy’s dividend payout ratio (DPR) is presently 28.45%.

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.