McCoy Global (TSE:MCB) Stock Crosses Above 200 Day Moving Average – What’s Next?

McCoy Global Inc. (TSE:MCB)’s stock price crossed 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 changing hands.

McCoy Global Price Performance

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 company has a market capitalization of C$76.10 million, a PE ratio of 9.03 and a beta of 0.58. The stock’s 50-day moving average is C$3.07 and its two-hundred day moving average is C$2.43.

McCoy Global (TSE:MCB) last released its earnings results on Friday, November 8th. The company reported C$0.02 EPS for the quarter. McCoy Global had a return on equity of 15.52% and a net margin of 11.88%. The firm had revenue of C$15.84 million for the quarter. On average, equities analysts predict that McCoy Global Inc. will post 0.3003901 EPS for the current year.

McCoy Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.02 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.08 dividend on an annualized basis and a yield of 2.86%. McCoy Global’s payout ratio is 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.