goeasy (OTCMKTS:EHMEF) Stock Price Down 5.6% – Time to Sell?

goeasy Ltd. (OTCMKTS:EHMEF) shares fell 5.6% during mid-day trading on Tuesday . The stock traded as low as $91.00 and last traded at $91.00. 1,316 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 7,035 shares. The stock had previously closed at $96.36.

Wall Street Analyst Weigh In

EHMEF has been the subject of several recent analyst reports. Scotiabank raised shares of goeasy from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 16th. TD Securities downgraded goeasy to a “hold” rating in a research note on Monday. Raymond James Financial lowered goeasy from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 2nd. Finally, Royal Bank Of Canada initiated coverage on shares of goeasy in a research note on Wednesday, October 1st. They set a “sector perform” rating on the stock. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, goeasy has a consensus rating of “Moderate Buy”.

goeasy Trading Down 5.6%

The stock’s fifty day simple moving average is $92.96 and its 200 day simple moving average is $118.31.

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.