McCoy Global (TSE:MCB) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

McCoy Global Inc. (TSE:MCB)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$3.13 and traded as low as C$2.25. McCoy Global shares last traded at C$2.25, with a volume of 127,764 shares trading hands.

McCoy Global Trading Up 3.1%

The company has a debt-to-equity ratio of 4.69, a current ratio of 3.10 and a quick ratio of 1.26. The firm has a market cap of C$62.24 million, a price-to-earnings ratio of 7.03 and a beta of -0.11. The business’s 50-day moving average price is C$2.98 and its two-hundred day moving average price is C$3.12.

McCoy Global (TSE:MCB) last released its earnings results on Friday, March 6th. The company reported C$0.30 EPS for the quarter. The firm had revenue of C$25.55 million during the quarter. McCoy Global had a net margin of 10.76% and a return on equity of 13.80%. Equities analysts expect that McCoy Global Inc. will post 0.3003901 earnings per share for the current year.

Insider Buying and Selling

In other McCoy Global news, Director James Rakievich bought 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The stock was purchased at an average cost of C$1.88 per share, for a total transaction of C$282,000.00. Following the completion of the purchase, the director owned 1,193,113 shares of the company’s stock, valued at C$2,243,052.44. This trade represents a 14.38% increase in their position. Insiders own 3.66% of the company’s stock.

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.