McCoy Global (TSE:MCB) Share Price Passes Above 200-Day Moving Average of $1.91

McCoy Global Inc. (TSE:MCB) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.91 and traded as high as C$1.96. McCoy Global shares last traded at C$1.96, with a volume of 39,167 shares.

McCoy Global Stock Up 0.5 %

The business’s 50 day moving average price is C$2.05 and its 200-day moving average price is C$1.91. The company has a debt-to-equity ratio of 7.99, a current ratio of 2.88 and a quick ratio of 1.26. The company has a market cap of C$52.82 million, a P/E ratio of 8.52 and a beta of 0.72.

McCoy Global (TSE:MCB) last posted its earnings results on Thursday, March 14th. The company reported C$0.10 earnings per share (EPS) for the quarter. McCoy Global had a net margin of 9.37% and a return on equity of 12.35%. The company had revenue of C$19.70 million during the quarter. On average, analysts anticipate that McCoy Global Inc. will post 0.2561769 earnings per share for the current fiscal year.

McCoy Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were paid a $0.02 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 4.08%. This is a boost from McCoy Global’s previous quarterly dividend of $0.01. McCoy Global’s payout ratio is 34.78%.

About McCoy Global

McCoy Global Inc provides equipment and technologies to support tubular running operations that enhance wellbore integrity and assist with collecting critical data for the energy industry primarily in Canada, the United States, Latin America, the Middle East, Africa, Europe, and the Asia-Pacific. The company designs, produces, and distributes capital equipment to support tubular running operation; enhance wellbore integrity; and supports capital equipment sales through aftermarket products and services, such as technical support, consumables, and replacement parts.