goeasy (OTCMKTS:EHMEF) Stock Price Up 6.8% – Should You Buy?

goeasy Ltd. (OTCMKTS:EHMEF) shares shot up 6.8% during trading on Tuesday . The company traded as high as $28.36 and last traded at $28.36. Approximately 13,796 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 19,946 shares. The stock had previously closed at $26.56.

Analyst Ratings Changes

EHMEF has been the topic of several research reports. Scotiabank cut shares of goeasy from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, April 28th. Royal Bank Of Canada reiterated an “underperform” rating on shares of goeasy in a research note on Thursday, May 14th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, goeasy currently has an average rating of “Hold”.

goeasy Trading Up 2.6%

The company’s fifty day moving average price is $25.07 and its 200 day moving average price is $59.11.

goeasy Company Profile

goeasy Ltd. is a Canadian alternative financial services provider that specializes in serving non-prime and near-prime consumers. Through its two primary operating divisions—easyhome and easyfinancial—the company offers lease-to-own solutions for household furnishings and electronic goods, as well as unsecured, fixed-term installment loans and lines of credit. These services are designed to provide accessible credit options to individuals who may not qualify for traditional banking products.

The easyhome division operates a network of retail locations across Canada, where customers can lease furniture, appliances and electronics with the option to own products outright at the end of the term.