goeasy (TSE:GSY) Share Price Passes Above 50-Day Moving Average – Time to Sell?

goeasy Ltd. (TSE:GSY) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$184.05 and traded as high as C$190.47. goeasy shares last traded at C$189.02, with a volume of 34,529 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GSY shares. Scotiabank raised their price objective on goeasy from C$215.00 to C$222.00 in a research note on Friday, August 9th. National Bankshares lifted their price target on shares of goeasy from C$210.00 to C$235.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Finally, BMO Capital Markets boosted their price objective on shares of goeasy from C$215.00 to C$218.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$220.00.

goeasy Trading Up 1.3 %

The business has a fifty day moving average price of C$184.05 and a 200 day moving average price of C$182.36. The company has a market capitalization of C$3.18 billion, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87. The company has a debt-to-equity ratio of 289.31, a current ratio of 15.97 and a quick ratio of 28.46.

goeasy (TSE:GSY) last released its earnings results on Thursday, August 8th. The company reported C$4.10 EPS for the quarter, beating the consensus estimate of C$4.01 by C$0.09. The firm had revenue of C$377.80 million during the quarter, compared to analysts’ expectations of C$372.40 million. goeasy had a net margin of 33.40% and a return on equity of 25.28%. On average, equities analysts expect that goeasy Ltd. will post 20.3207343 EPS for the current fiscal year.

goeasy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, October 11th were paid a dividend of $1.17 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $4.68 annualized dividend and a yield of 2.48%. goeasy’s dividend payout ratio is 30.45%.

Insider Buying and Selling at goeasy

In other news, Senior Officer Jason Mullins sold 4,500 shares of goeasy stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of C$188.00, for a total transaction of C$846,000.00. Insiders own 22.05% of the company’s stock.

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.