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McCoy Global (TSE:MCB) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

McCoy Global logo with Energy background

McCoy Global Inc. (TSE:MCB - Get Free Report) crossed 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 has a debt-to-equity ratio of 6.50, a current ratio of 3.13 and a quick ratio of 1.26. The company has a market capitalization of C$80.18 million, a price-to-earnings ratio of 9.52 and a beta of 0.58. The firm has a fifty day simple moving average of C$2.82 and a 200 day simple moving average of C$2.59.

McCoy Global (TSE:MCB - Get Free Report) last released its earnings results on Friday, November 8th. The company reported C$0.02 EPS for the quarter. The business had revenue of C$15.84 million during the quarter. McCoy Global had a net margin of 11.88% and a return on equity of 15.52%. On average, analysts anticipate that McCoy Global Inc. will post 0.3003901 earnings per share for the current fiscal year.

McCoy Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 2.71%. The ex-dividend date was Tuesday, December 31st. McCoy Global's dividend payout ratio is currently 25.81%.

Insiders Place Their Bets

In other McCoy Global news, Director Katherine Lynne Demuth bought 12,794 shares of McCoy Global stock in a transaction on Tuesday, December 31st. The shares were bought at an average price of C$2.24 per share, for a total transaction of C$28,600.99. Corporate insiders own 3.66% of the company's stock.

About McCoy Global

(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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