McCoy Global (TSE:MCB) Shares Cross Below 200-Day Moving Average – Here’s What Happened

McCoy Global Inc. (TSE:MCB)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.67 and traded as low as C$2.18. McCoy Global shares last traded at C$2.21, with a volume of 21,527 shares changing hands.

McCoy Global Price Performance

The company has a debt-to-equity ratio of 11.75, a current ratio of 2.71 and a quick ratio of 1.26. The company has a market capitalization of C$60.00 million, a PE ratio of 12.28 and a beta of 0.07. The firm has a 50-day moving average of C$2.30 and a 200 day moving average of C$2.67.

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

McCoy Global Company Profile

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.