McCoy Global (TSE:MCB) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

McCoy Global Inc. (TSE:MCB) 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 traded.

McCoy Global Stock Performance

The stock has a 50 day moving average of C$2.28 and a 200 day moving average of C$2.66. The company has a quick ratio of 1.26, a current ratio of 2.71 and a debt-to-equity ratio of 11.75. The firm has a market cap of C$57.83 million, a price-to-earnings ratio of 11.83 and a beta of 0.07.

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

About McCoy Global

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.