McCoy Global (TSE:MCB) Stock Crosses Above 200 Day Moving Average – What’s Next?

McCoy Global Inc. (TSE:MCBGet Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.57 and traded as high as C$3.03. McCoy Global shares last traded at C$2.92, with a volume of 195,862 shares.

McCoy Global Stock Performance

The company’s fifty day simple moving average is C$2.83 and its 200 day simple moving average is C$2.57. The stock has a market capitalization of C$79.37 million, a P/E ratio of 9.42 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:MCBGet Free Report) last posted 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%. As a group, sell-side analysts forecast that McCoy Global Inc. will post 0.3003901 earnings per share for the current fiscal year.

McCoy Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend was Tuesday, December 31st. McCoy Global’s payout ratio is 25.81%.

Insider Buying and Selling

In related news, Director Katherine Lynne Demuth purchased 12,794 shares of the business’s stock in a transaction on Tuesday, December 31st. The stock was acquired at an average price of C$2.24 per share, with a total value of C$28,600.99. 3.66% of the stock is owned by company insiders.

McCoy Global Company Profile

(Get Free Report)

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.

Further Reading

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