goeasy (TSE:GSY) Shares Down 11.7% – What’s Next?

goeasy Ltd. (TSE:GSY) shares dropped 11.7% during mid-day trading on Wednesday . The company traded as low as C$33.65 and last traded at C$33.77. Approximately 164,677 shares traded hands during trading, a decline of 49% from the average daily volume of 322,822 shares. The stock had previously closed at C$38.23.

Analyst Upgrades and Downgrades

GSY has been the topic of several research reports. Royal Bank Of Canada lowered goeasy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 11th. Scotiabank lowered their price target on goeasy from C$68.00 to C$61.00 and set an “outperform” rating for the company in a research note on Wednesday, March 25th. Raymond James Financial downgraded goeasy from a “moderate buy” rating to a “hold” rating and dropped their price objective for the stock from C$208.00 to C$153.00 in a report on Wednesday, December 3rd. BMO Capital Markets lowered shares of goeasy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Finally, TD Securities downgraded shares of goeasy from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$160.00 to C$135.00 in a research report on Monday, January 19th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$163.78.

goeasy Price Performance

The stock has a 50 day moving average of C$94.24 and a two-hundred day moving average of C$128.27. The company has a debt-to-equity ratio of 383.82, a quick ratio of 28.46 and a current ratio of 42.83. The firm has a market capitalization of C$590.72 million, a P/E ratio of 2.69, a P/E/G ratio of 0.84 and a beta of 0.16.

goeasy (TSE:GSY) last announced its quarterly earnings results on Wednesday, April 1st. The company reported C($20.25) EPS for the quarter. goeasy had a net margin of 14.07% and a return on equity of 19.42%. The company had revenue of C$446.40 million for the quarter. Sell-side analysts predict that goeasy Ltd. will post 20.3207343 earnings per share for the current fiscal year.

goeasy Company Profile

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.