McCoy Global (TSE:MCB) Given a C$5.50 Price Target by Beacon Securities Analysts

Beacon Securities set a C$5.50 target price on McCoy Global (TSE:MCB) in a research note released on Monday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

McCoy Global Stock Up 2.5%

MCB stock opened at C$3.34 on Monday. The company has a quick ratio of 1.26, a current ratio of 3.07 and a debt-to-equity ratio of 6.05. The business has a 50 day moving average of C$3.91 and a 200 day moving average of C$3.37. McCoy Global has a twelve month low of C$1.92 and a twelve month high of C$4.48. The firm has a market cap of C$91.09 million, a PE ratio of 11.86 and a beta of 0.58.

McCoy Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Monday, June 30th. This is a positive change from McCoy Global’s previous quarterly dividend of $0.02. McCoy Global’s dividend payout ratio (DPR) is presently 28.41%.

About McCoy Global

McCoy Global Inc is a provider of equipment and technologies to support tubular running operations, enhance wellbore integrity and assist with collecting critical data for the global energy industry. It is engaged in the design, production and distribution of capital equipment to support tubular running operations, enhance wellbore integrity and to support capital equipment sales through aftermarket products and services such as technical support, consumables and replacement parts.