goeasy (TSE:GSY) Stock Crosses Below 200 Day Moving Average – Time to Sell?

goeasy Ltd. (TSE:GSY) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$74.50 and traded as low as C$46.26. goeasy shares last traded at C$47.51, with a volume of 68,359 shares changing hands.

Analyst Ratings Changes

GSY has been the subject of several analyst reports. Jefferies Financial Group decreased their target price on shares of goeasy from C$50.00 to C$39.00 in a research note on Thursday, April 2nd. TD Securities dropped their price target on shares of goeasy from C$44.00 to C$36.00 and set a “hold” rating on the stock in a research note on Thursday, April 2nd. BMO Capital Markets dropped their price target on shares of goeasy from C$45.00 to C$36.00 in a research note on Wednesday, May 13th. Royal Bank Of Canada cut their price objective on shares of goeasy from C$33.00 to C$30.00 and set an “underperform” rating on the stock in a report on Thursday, May 14th. Finally, National Bank Financial decreased their price objective on shares of goeasy from C$38.00 to C$34.00 and set a “sector perform” rating for the company in a research report on Thursday, May 14th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$36.56.

goeasy Stock Performance

The firm has a fifty day simple moving average of C$37.14 and a 200-day simple moving average of C$74.50. The company has a market capitalization of C$761.78 million, a PE ratio of -4.41, a P/E/G ratio of 0.84 and a beta of 1.43.

goeasy (TSE:GSY) last released its earnings results on Tuesday, May 12th. The company reported C($1.90) EPS for the quarter. The business had revenue of C$412.86 million for the quarter. goeasy had a negative net margin of 15.76% and a negative return on equity of 26.45%. As a group, research analysts anticipate that goeasy Ltd. will post 20.3207343 EPS for the current fiscal year.

About goeasy

goeasy Ltd provides financial services to own furniture, electronics, computers, and appliances. It offers merchandise leasing of household furnishings, appliances, and home electronic products to consumers under weekly or monthly leasing agreements. The company also offers unsecured installment loans to consumers. Its reportable business segments include easyhome and easyfinancial, of which it derives maximum revenue from easyfinancial segment.