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

Shares of McCoy Global Inc. (TSE:MCB) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.30 and traded as high as C$3.30. McCoy Global shares last traded at C$3.19, with a volume of 64,105 shares trading hands.

McCoy Global Price Performance

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 stock has a market capitalization of C$85.50 million, a price-to-earnings ratio of 12.76 and a beta of 0.20. The business’s 50 day simple moving average is C$2.98 and its 200-day simple moving average is C$3.30.

McCoy Global (TSE:MCB) last issued its quarterly earnings results on Friday, November 7th. The company reported C$0.02 earnings per share for the quarter. The company had revenue of C$14.83 million during the quarter. McCoy Global had a net margin of 10.13% and a return on equity of 12.82%. On average, research analysts forecast that McCoy Global Inc. will post 0.3003901 earnings per share for the current year.

About McCoy Global

McCoy Global is transforming well construction using automation and machine learning to maximize wellbore integrity and collect precise connection data critical to the global energy industry. The Corporation has offices in Canada, the United States of America, and the United Arab Emirates and operates internationally in more than 50 countries through a combination of direct sales and key distributors. Throughout McCoy’s 100-year history, it has proudly called Edmonton, Alberta, Canada its corporate headquarters.