McCoy Global (TSE:MCB) Shares Cross Above 200-Day Moving Average of $1.90

Shares of McCoy Global Inc. (TSE:MCB) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.90 and traded as high as C$1.92. McCoy Global shares last traded at C$1.89, with a volume of 66,850 shares traded.

McCoy Global Price Performance

The stock has a 50-day simple moving average of C$2.08 and a 200 day simple moving average of C$1.90. The company has a market cap of C$51.47 million, a PE ratio of 8.30 and a beta of 0.72. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 7.99.

McCoy Global (TSE:MCB) last issued its quarterly earnings data on Thursday, March 14th. The company reported C$0.10 earnings per share (EPS) for the quarter. The firm had revenue of C$19.70 million for the quarter. McCoy Global had a net margin of 9.37% and a return on equity of 12.35%. Equities analysts expect that McCoy Global Inc. will post 0.2561769 EPS for the current year.

McCoy Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were given a dividend of $0.02 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 4.19%. This is a boost from McCoy Global’s previous quarterly dividend of $0.01. McCoy Global’s dividend payout ratio (DPR) 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 primarily in Canada, the United States, Latin America, the Middle East, Africa, Europe, and the Asia-Pacific. The company designs, produces, and distributes capital equipment to support tubular running operation; enhance wellbore integrity; and supports capital equipment sales through aftermarket products and services, such as technical support, consumables, and replacement parts.