McCoy Global (TSE:MCB) Share Price Passes Above 200 Day Moving Average of $1.90

McCoy Global Inc. (TSE:MCB)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$1.90 and traded as high as C$1.92. McCoy Global shares last traded at C$1.89, with a volume of 66,850 shares traded.

McCoy Global Price Performance

The stock’s 50 day simple moving average is C$2.09 and its 200-day simple moving average is C$1.90. The company has a debt-to-equity ratio of 7.99, a current ratio of 2.88 and a quick ratio of 1.26. The company has a market capitalization of C$50.94 million, a PE ratio of 8.22 and a beta of 0.72.

McCoy Global (TSE:MCB) last released its earnings results on Thursday, March 14th. The company reported C$0.10 earnings per share for the quarter. McCoy Global had a net margin of 9.37% and a return on equity of 12.35%. The firm had revenue of C$19.70 million for the quarter. As a group, equities analysts forecast that McCoy Global Inc. will post 0.2561769 earnings per share for the current fiscal year.

McCoy Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 4.23%. This is a positive change from McCoy Global’s previous quarterly dividend of $0.01. The ex-dividend date was Wednesday, March 27th. McCoy Global’s dividend payout ratio is presently 34.78%.

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 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.