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McCoy Global (TSE:MCB) Shares Pass Above 200 Day Moving Average - Here's What Happened

McCoy Global logo with Energy background

McCoy Global Inc. (TSE:MCB - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$2.42 and traded as high as C$2.81. McCoy Global shares last traded at C$2.70, with a volume of 71,339 shares trading hands.

McCoy Global Trading Up 3.7 %

The company has a market cap of C$76.10 million, a price-to-earnings ratio of 9.03 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. The business's 50 day moving average price is C$3.07 and its 200-day moving average price is C$2.42.

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

McCoy Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.02 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.86%. McCoy Global's payout ratio is presently 25.81%.

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.

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