JOY (TSE:JOY) Shares Cross Above Fifty Day Moving Average – Time to Sell?

JOY Co., Ltd. (TSE:JOY) crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$5.54 and traded as high as C$5.71. JOY shares last traded at C$5.57, with a volume of 307,550 shares traded.

JOY Trading Up 1.3%

The stock has a market cap of C$380.59 million, a price-to-earnings ratio of 14.84, a PEG ratio of 0.01 and a beta of 0.98. The company has a quick ratio of 0.95, a current ratio of 0.58 and a debt-to-equity ratio of 12.34. The business’s 50 day simple moving average is C$5.60 and its 200 day simple moving average is C$5.27.

JOY (TSE:JOY) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.26 earnings per share for the quarter. The company had revenue of C$55.38 million for the quarter. JOY had a net margin of 15.09% and a return on equity of 7.55%. On average, research analysts expect that JOY Co., Ltd. will post 0.26 EPS for the current fiscal year.

JOY Company Profile

Journey is a Canadian exploration and production company focused on oil-weighted operations in Alberta, Canada. Journey’s strategy is to grow its production base by drilling on its existing core lands, implementing secondary and tertiary flood projects on its existing lands, and by executing on accretive acquisitions. The Company continues to shift its focus to the development of its unconventional Duvernay light oil resource play. In addition, Journey is continuing with its plans to grow its power generation business through its projects at Gilby and Mazeppa.