McCoy Global (TSE:MCB) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Shares of McCoy Global Inc. (TSE:MCB) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.08 and traded as high as C$2.93. McCoy Global shares last traded at C$2.89, with a volume of 29,671 shares traded.

McCoy Global Stock Down 3.7 %

The stock has a fifty day moving average price of C$2.22 and a two-hundred day moving average price of C$2.08. The company has a market cap of C$78.55 million, a price-to-earnings ratio of 9.32 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.

McCoy Global (TSE:MCB) last issued its earnings results on Friday, August 9th. The company reported C$0.11 EPS for the quarter. McCoy Global had a net margin of 11.88% and a return on equity of 15.52%. The company had revenue of C$19.91 million during the quarter. As a group, sell-side analysts expect that McCoy Global Inc. will post 0.3003901 EPS for the current year.

McCoy Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Friday, September 27th. McCoy Global’s payout ratio is 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.