McCoy Global (TSE:MCB) Stock Price Down 16.9% – Here’s What Happened

McCoy Global Inc. (TSE:MCB) shares traded down 16.9% on Friday . The company traded as low as C$2.19 and last traded at C$2.26. 321,136 shares changed hands during mid-day trading, an increase of 354% from the average session volume of 70,738 shares. The stock had previously closed at C$2.72.

McCoy Global Trading Down 16.5%

The company has a current ratio of 3.10, a quick ratio of 1.26 and a debt-to-equity ratio of 4.69. The business has a 50 day moving average of C$2.52 and a 200-day moving average of C$2.89. The stock has a market cap of C$61.63 million, a PE ratio of 6.88 and a beta of 0.32.

McCoy Global (TSE:MCB) last posted its earnings results on Friday, May 15th. The company reported C($0.12) earnings per share (EPS) for the quarter. McCoy Global had a net margin of 10.76% and a return on equity of 13.80%. The company had revenue of C$9.36 million during the quarter. On average, analysts anticipate that McCoy Global Inc. will post 0.3003901 EPS for the current year.

Insider Transactions at McCoy Global

In related news, Director James Rakievich bought 150,000 shares of McCoy Global stock in a transaction that occurred on Wednesday, March 18th. The shares were purchased at an average price of C$1.88 per share, with a total value of C$282,000.00. Following the purchase, the director owned 1,193,113 shares in the company, valued at C$2,243,052.44. This represents a 14.38% increase in their ownership of the stock. 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.