McCoy Global (TSE:MCB) had its price objective dropped by research analysts at Canaccord Genuity from C$0.75 to C$0.65 in a research report issued on Tuesday, BayStreet.CA reports. Canaccord Genuity’s price target suggests a potential upside of 20.37% from the company’s previous close.

TSE:MCB traded up C$0.02 during mid-day trading on Tuesday, reaching C$0.54. The company’s stock had a trading volume of 37,250 shares, compared to its average volume of 17,805. McCoy Global has a 1 year low of C$0.52 and a 1 year high of C$1.45. The business’s fifty day simple moving average is C$0.63. The stock has a market capitalization of $14.26 million and a price-to-earnings ratio of -10.59. The company has a debt-to-equity ratio of 21.05, a current ratio of 3.59 and a quick ratio of 1.59.

McCoy Global (TSE:MCB) last released its quarterly earnings data on Friday, May 10th. The company reported C$0.02 earnings per share for the quarter. The business had revenue of C$14.84 million during the quarter. As a group, equities analysts forecast that McCoy Global will post 0.14 earnings per share for the current year.

In other McCoy Global news, Director Christopher Tiernan Seaver acquired 50,000 shares of the stock in a transaction that occurred on Monday, May 27th. The stock was bought at an average cost of C$0.65 per share, with a total value of C$32,500.00. Following the completion of the purchase, the director now directly owns 247,300 shares in the company, valued at C$160,745.

McCoy Global Company Profile

McCoy Global Inc, together with its subsidiaries, provides equipment and technologies to support wellbore integrity and assist with collecting critical data for the energy industry. It designs, produces, and distributes capital equipment to support wellbore integrity, as well as supports capital equipment sales through aftermarket products and services, such as technical support, consumables, and replacement parts.

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