McCoy Global (MCB) Price Target Cut to C$1.25

McCoy Global (TSE:MCB) had its price objective decreased by investment analysts at Canaccord Genuity from C$1.30 to C$1.25 in a research note issued on Thursday. Canaccord Genuity’s price objective would indicate a potential upside of 13.64% from the stock’s previous close.

Shares of McCoy Global stock traded up C$0.04 during trading on Thursday, hitting C$1.10. 2,500 shares of the stock were exchanged, compared to its average volume of 3,192. McCoy Global has a 12-month low of C$0.93 and a 12-month high of C$1.58. The company has a quick ratio of 1.73, a current ratio of 3.58 and a debt-to-equity ratio of 13.02.

McCoy Global (TSE:MCB) last announced its quarterly earnings results on Thursday, November 8th. The company reported C$0.01 earnings per share for the quarter. The company had revenue of C$13.90 million during the quarter. On average, equities research analysts expect that McCoy Global will post 0.17000001485437 earnings per share for the current fiscal year.

In related news, Director Christopher Tiernan Seaver purchased 50,000 shares of McCoy Global stock in a transaction that occurred on Monday, November 19th. The stock was purchased at an average cost of C$1.14 per share, with a total value of C$57,000.00. Over the last three months, insiders purchased 61,300 shares of company stock valued at $69,962.

McCoy Global Company Profile

McCoy Global Inc, together with its subsidiaries, provides equipment and technologies to support wellbore integrity and assist with collecting critical data for the energy industry. It designs, produces, and distributes capital equipment to support wellbore integrity, as well as supports capital equipment sales through aftermarket products and services, such as technical support, consumables, and replacement parts.

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