McCoy Global (TSE:MCB) Sets New 1-Year Low – Time to Sell?

McCoy Global Inc. (TSE:MCB) shares hit a new 52-week low on Friday . The stock traded as low as C$2.08 and last traded at C$2.09, with a volume of 102681 shares. The stock had previously closed at C$2.19.

McCoy Global Trading Down 3.2%

The firm has a fifty day moving average of C$2.42 and a two-hundred day moving average of C$2.78. The company has a market cap of C$57.55 million, a PE ratio of 11.78 and a beta of 0.32. The company has a current ratio of 2.71, a quick ratio of 1.26 and a debt-to-equity ratio of 11.75.

McCoy Global (TSE:MCB) last announced its quarterly earnings data on Friday, May 15th. The company reported C($0.12) earnings per share for the quarter. McCoy Global had a return on equity of 7.47% and a net margin of 6.65%.The firm had revenue of C$9.36 million during the quarter. As a group, sell-side analysts predict that McCoy Global Inc. will post 0.3003901 EPS for the current year.

Insiders Place Their Bets

In other McCoy Global news, Director James Rakievich purchased 150,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The stock was purchased at an average price of C$1.88 per share, for a total transaction of C$282,000.00. Following the transaction, the director owned 1,193,113 shares in the company, valued at C$2,243,052.44. The trade was a 14.38% increase in their position. 3.66% of the stock is owned by insiders.

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.