McCoy Global (TSE:MCB) Sets New 1-Year Low – Time to Sell?

McCoy Global Inc. (TSE:MCB) hit a new 52-week low on Friday . The company traded as low as C$2.08 and last traded at C$2.09, with a volume of 102681 shares changing hands. The stock had previously closed at C$2.19.

McCoy Global Trading Down 3.2%

The company has a market capitalization of C$57.55 million, a PE ratio of 11.78 and a beta of 0.32. The company has a current ratio of 2.71, a quick ratio of 1.26 and a debt-to-equity ratio of 11.75. The stock has a fifty day moving average of C$2.42 and a two-hundred day moving average of C$2.78.

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

Insider Buying and Selling at McCoy Global

In other news, Director James Rakievich acquired 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were bought at an average cost of C$1.88 per share, with a total value of C$282,000.00. Following the acquisition, the director owned 1,193,113 shares in the company, valued at approximately C$2,243,052.44. This represents a 14.38% increase in their position. Corporate insiders own 3.66% of the company’s stock.

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.