McCoy Global (TSE:MCB) Stock Passes Above Two Hundred Day Moving Average – Should You 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$2.61 and traded as high as C$3.00. McCoy Global shares last traded at C$2.96, with a volume of 46,987 shares.

McCoy Global Trading Up 1.7 %

The company has a debt-to-equity ratio of 6.50, a quick ratio of 1.26 and a current ratio of 3.13. The firm has a market capitalization of C$80.45 million, a price-to-earnings ratio of 9.55 and a beta of 0.58. The business has a 50 day moving average of C$2.82 and a two-hundred day moving average of C$2.61.

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 business had revenue of C$15.84 million during the quarter. Equities analysts predict that McCoy Global Inc. will post 0.3003901 EPS for the current year.

McCoy Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.02 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.08 annualized dividend and a dividend yield of 2.70%. McCoy Global’s payout ratio is presently 25.81%.

Insider Buying and Selling at McCoy Global

In related news, Director Katherine Lynne Demuth acquired 12,794 shares of McCoy Global stock in a transaction dated Tuesday, December 31st. The stock was purchased at an average cost of C$2.24 per share, for a total transaction of C$28,600.99. Insiders own 3.66% of the company’s stock.

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.