McCoy Global (TSE:MCB) Reaches New 1-Year Low – Here’s Why

Shares of McCoy Global Inc. (TSE:MCB) reached a new 52-week low on Tuesday . The company traded as low as C$2.30 and last traded at C$2.32, with a volume of 177383 shares. The stock had previously closed at C$2.46.

McCoy Global Stock Down 7.7%

The firm’s 50-day moving average price is C$3.11 and its two-hundred day moving average price is C$3.19. The company has a debt-to-equity ratio of 4.69, a quick ratio of 1.26 and a current ratio of 3.10. The firm has a market cap of C$60.85 million, a PE ratio of 9.08 and a beta of -0.11.

McCoy Global (TSE:MCB) last posted its earnings results on Friday, March 6th. The company reported C$0.30 EPS for the quarter. McCoy Global had a net margin of 10.76% and a return on equity of 13.80%. The firm had revenue of C$25.55 million for the quarter. As a group, equities research analysts expect that McCoy Global Inc. will post 0.3003901 EPS 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.