McCoy Global (TSE:MCB) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

McCoy Global Inc. (TSE:MCB)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 cap of C$83.17 million, a price-to-earnings ratio of 9.87 and a beta of 0.58. The company has a fifty day moving average price of C$2.79 and a two-hundred day moving average price of C$2.29. The company has a current ratio of 3.13, a quick ratio of 1.26 and a debt-to-equity ratio of 6.50.

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

McCoy Global Dividend Announcement

The company 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 dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Tuesday, December 31st. McCoy Global’s payout ratio is presently 25.81%.

McCoy Global Company Profile

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.