McCoy Global (TSE:MCB) Stock Crosses Below 200-Day Moving Average of $2.04

McCoy Global Inc. (TSE:MCB) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.04 and traded as low as C$1.96. McCoy Global shares last traded at C$2.01, with a volume of 27,444 shares changing hands.

McCoy Global Price Performance

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 stock has a market capitalization of C$55.33 million, a price-to-earnings ratio of 8.91 and a beta of 0.68. The stock has a 50 day moving average price of C$2.01 and a 200-day moving average price of C$2.04.

McCoy Global (TSE:MCB) last announced its earnings results on Friday, May 10th. The company reported C$0.04 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$16.54 million for the quarter. On average, analysts forecast that McCoy Global Inc. will post 0.2561769 earnings per share for the current year.

McCoy Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be paid a dividend of $0.02 per share. The ex-dividend date is Friday, June 28th. This represents a $0.08 annualized dividend and a yield of 3.90%. McCoy Global’s dividend payout ratio is presently 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. The company's products are used during the well construction phase for land and offshore wells during oil and gas exploration and development.