McCoy Global (TSE:MCB) Stock Price Up 2.2% – Should You Buy?

Shares of McCoy Global Inc. (TSE:MCB) rose 2.2% during trading on Tuesday . The company traded as high as C$2.82 and last traded at C$2.81. Approximately 251,009 shares changed hands during mid-day trading, an increase of 295% from the average daily volume of 63,549 shares. The stock had previously closed at C$2.75.

McCoy Global Stock Up 2.2 %

The stock’s fifty day moving average price is C$3.07 and its 200 day moving average price is C$2.40. 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 stock has a market cap of C$76.38 million, a P/E ratio of 9.06 and a beta of 0.58.

McCoy Global (TSE:MCB) last announced its earnings results 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 company had revenue of C$15.84 million during the quarter. As a group, research analysts forecast that McCoy Global Inc. will post 0.3003901 earnings per share 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 given a dividend of $0.02 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.08 annualized dividend and a dividend yield of 2.85%. McCoy Global’s dividend payout ratio (DPR) 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.