McCoy Global (TSE:MCB) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

McCoy Global Inc. (TSE:MCB)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$3.22 and traded as high as C$3.22. McCoy Global shares last traded at C$3.15, with a volume of 32,260 shares traded.

McCoy Global Stock Performance

The company has a debt-to-equity ratio of 5.29, a current ratio of 2.56 and a quick ratio of 1.26. The company has a market cap of C$71.83 million, a price-to-earnings ratio of 10.72 and a beta of -0.11. The firm has a 50 day simple moving average of C$3.15 and a 200-day simple moving average of C$3.22.

McCoy Global (TSE:MCB) last announced its quarterly earnings results on Friday, March 6th. The company reported C$0.30 EPS for the quarter. The business had revenue of C$25.55 million for the quarter. McCoy Global had a return on equity of 11.00% and a net margin of 8.53%. As a group, analysts predict that McCoy Global Inc. will post 0.3003901 EPS for the current fiscal 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.