McCoy Global (TSE:MCB) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

McCoy Global Inc. (TSE:MCB) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.42 and traded as high as C$2.81. McCoy Global shares last traded at C$2.70, with a volume of 71,339 shares.

McCoy Global Trading Up 0.7 %

The company has a quick ratio of 1.26, a current ratio of 3.13 and a debt-to-equity ratio of 6.50. The business’s fifty day moving average is C$3.07 and its 200-day moving average is C$2.42. The stock has a market capitalization of C$73.39 million, a PE ratio of 8.71 and a beta of 0.58.

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

McCoy Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Tuesday, December 31st. 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.