goeasy (TSE:GSY) Stock Crosses Above 50 Day Moving Average – Here’s Why

goeasy Ltd. (TSE:GSY)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-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 changing hands.

Analysts Set New Price Targets

GSY has been the subject of a number of analyst reports. BMO Capital Markets raised shares of goeasy from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from C$207.00 to C$200.00 in a research note on Friday, March 14th. Raymond James increased their price target on goeasy from C$230.00 to C$245.00 in a research note on Tuesday, February 18th. TD Securities set a C$199.00 price target on goeasy and gave the company a “buy” rating in a report on Wednesday, April 9th. Finally, Jefferies Financial Group dropped their price objective on goeasy from C$228.00 to C$215.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$220.60.

goeasy Price Performance

The company has a debt-to-equity ratio of 287.63, a quick ratio of 28.46 and a current ratio of 82.04. The firm has a fifty day simple moving average of C$156.99 and a two-hundred day simple moving average of C$168.22. The firm has a market cap of C$2.64 billion, a PE ratio of 9.56, a PEG ratio of 0.84 and a beta of 1.87.

goeasy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, April 11th were given a $1.46 dividend. This represents a $5.84 annualized dividend and a yield of 3.71%. The ex-dividend date was Friday, March 28th. This is a boost from goeasy’s previous quarterly dividend of $1.17. goeasy’s payout ratio is currently 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.