McCoy Global (TSE:MCB) Share Price Passes Above 200 Day Moving Average – Time to Sell?

McCoy Global Inc. (TSE:MCB)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$2.52 and traded as high as C$2.70. McCoy Global shares last traded at C$2.65, with a volume of 136,800 shares trading hands.

McCoy Global Trading Down 1.5 %

The business has a 50 day moving average of C$2.90 and a two-hundred day moving average of C$2.52. The firm has a market cap of C$72.03 million, a P/E ratio of 8.55 and a beta of 0.58. The company has a current ratio of 3.13, a quick ratio of 1.26 and a debt-to-equity ratio of 6.50.

McCoy Global (TSE:MCB) last issued its quarterly earnings data on Friday, November 8th. The company reported C$0.02 earnings per share (EPS) for the quarter. The company had revenue of C$15.84 million during the quarter. McCoy Global had a return on equity of 15.52% and a net margin of 11.88%. Analysts predict that McCoy Global Inc. will post 0.3003901 earnings per share for the current year.

McCoy Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.02 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.08 dividend on an annualized basis and a yield of 3.02%. McCoy Global’s dividend payout ratio (DPR) is presently 25.81%.

McCoy Global Company Profile

McCoy Global Inc provides equipment and technologies to support tubular running operations that enhance wellbore integrity and assist with collecting critical data for the energy industry. The company’s products are used during the well construction phase for land and offshore wells during oil and gas exploration and development.