McCoy Global (TSE:MCB) Shares Pass Above 200 Day Moving Average of $2.01

McCoy Global Inc. (TSE:MCB)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.01 and traded as high as C$2.07. McCoy Global shares last traded at C$2.07, with a volume of 35,200 shares changing hands.

McCoy Global Stock Performance

The stock has a 50-day moving average price of C$2.02 and a 200 day moving average price of C$2.01. 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 firm has a market cap of C$56.26 million, a PE ratio of 6.68 and a beta of 0.58.

McCoy Global (TSE:MCB) last posted its quarterly earnings results on Friday, August 9th. The company reported C$0.11 earnings per share (EPS) for the quarter. McCoy Global had a return on equity of 15.52% and a net margin of 11.88%. The firm had revenue of C$19.91 million during the quarter. Research analysts forecast that McCoy Global Inc. will post 0.2587776 earnings per share for the current year.

McCoy Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date is Friday, September 27th. McCoy Global’s dividend payout ratio (DPR) is presently 25.81%.

About McCoy Global

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.