JOY (TSE:JOY) Share Price Passes Below Fifty Day Moving Average – What’s Next?

JOY Co., Ltd. (TSE:JOY)’s share price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$5.54 and traded as low as C$4.21. JOY shares last traded at C$4.22, with a volume of 169,023 shares changing hands.

JOY Price Performance

The business’s 50-day simple moving average is C$5.54 and its 200 day simple moving average is C$4.56. The company has a market capitalization of C$284.77 million, a P/E ratio of 24.82, a P/E/G ratio of 0.01 and a beta of 0.73. The company has a current ratio of 0.52, a quick ratio of 0.95 and a debt-to-equity ratio of 14.73.

JOY (TSE:JOY) last posted its quarterly earnings data on Thursday, May 7th. The company reported C($0.09) earnings per share (EPS) for the quarter. JOY had a net margin of 7.12% and a return on equity of 3.55%. The company had revenue of C$31.46 million during the quarter. As a group, sell-side analysts anticipate that JOY Co., Ltd. will post 0.2601215 EPS for the current year.

Insider Transactions at JOY

In other JOY news, insider Gerald Gilewicz sold 20,000 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of C$6.50, for a total transaction of C$130,000.00. Following the completion of the transaction, the insider directly owned 129,614 shares of the company’s stock, valued at approximately C$842,491. This trade represents a 13.37% decrease in their position. Also, insider Brett Boklaschuk sold 25,000 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of C$6.51, for a total value of C$162,750.00. Following the transaction, the insider directly owned 236,877 shares of the company’s stock, valued at approximately C$1,542,069.27. The trade was a 9.55% decrease in their ownership of the stock. Insiders sold a total of 330,000 shares of company stock valued at $2,135,250 over the last three months. 7.64% of the stock is owned by company insiders.

About JOY

Journey Energy Inc is engaged in the exploration, development, and production of crude oil and natural gas in Alberta province. The company’s principal revenue source is from petroleum and natural gas sales which include the sale of crude oil, natural gas and natural gas liquids, of which it derives key revenue from the sale of crude oil.