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McCoy Global (TSE:MCB) Share Price Passes Above 200-Day Moving Average - Here's Why

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$2.29 and traded as high as C$3.19. McCoy Global shares last traded at C$3.06, with a volume of 56,601 shares traded.

McCoy Global Price Performance

The company has a market capitalization of C$82.08 million, a PE ratio of 9.74 and a beta of 0.58. The company has a quick ratio of 1.26, a current ratio of 3.13 and a debt-to-equity ratio of 6.50. The firm's 50-day moving average is C$2.84 and its 200-day moving average is C$2.31.

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

McCoy Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.02 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.08 annualized dividend and a dividend yield of 2.65%. McCoy Global's dividend payout ratio is currently 25.81%.

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.

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