McCoy Global (TSE:MCB) Stock Price Passes Above 200 Day Moving Average of $1.89

Posted by ABMN Staff on Apr 11th, 2024

Shares of McCoy Global Inc. (TSE:MCB – Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$1.89 and traded as high as C$2.00. McCoy Global shares last traded at C$1.97, with a volume of 9,597 shares trading hands.

McCoy Global Stock Performance

The company has a debt-to-equity ratio of 7.99, a quick ratio of 1.26 and a current ratio of 2.88. The firm’s 50 day simple moving average is C$2.13 and its 200-day simple moving average is C$1.89. The company has a market cap of C$53.09 million, a price-to-earnings ratio of 8.57 and a beta of 0.72.

McCoy Global (TSE:MCB – Get Free Report) last issued its earnings results on Thursday, March 14th. The company reported C$0.10 EPS for the quarter. McCoy Global had a net margin of 9.37% and a return on equity of 12.35%. The company had revenue of C$19.70 million for the quarter. On average, sell-side analysts predict that McCoy Global Inc. will post 0.2561769 EPS for the current year.

McCoy Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be issued a $0.02 dividend. This is a positive change from McCoy Global’s previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend is Wednesday, March 27th. McCoy Global’s payout ratio is 34.78%.

McCoy Global Company Profile

(Get Free Report)

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 primarily in Canada, the United States, Latin America, the Middle East, Africa, Europe, and the Asia-Pacific. The company designs, produces, and distributes capital equipment to support tubular running operation; enhance wellbore integrity; and supports capital equipment sales through aftermarket products and services, such as technical support, consumables, and replacement parts.