JOY (TSE:JOY) Stock Price Passes Below 50-Day Moving Average – Here’s Why

JOY Co., Ltd. (TSE:JOY)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$5.39 and traded as low as C$4.06. JOY shares last traded at C$4.10, with a volume of 412,084 shares.

JOY Stock Performance

The stock has a market capitalization of C$276.67 million, a P/E ratio of 24.12, a P/E/G ratio of 0.01 and a beta of 0.82. The company has a quick ratio of 0.95, a current ratio of 0.52 and a debt-to-equity ratio of 14.73. The business has a fifty day moving average price of C$5.39 and a 200-day moving average price of C$4.61.

JOY (TSE:JOY) last released its quarterly earnings data on Thursday, May 7th. The company reported C($0.09) EPS for the quarter. JOY had a net margin of 7.12% and a return on equity of 3.55%. The business had revenue of C$31.46 million for the quarter. On average, sell-side analysts expect that JOY Co., Ltd. will post 0.2601215 EPS for the current year.

Insider Activity

In other news, insider Gerald Gilewicz sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of C$6.50, for a total transaction of C$130,000.00. Following the sale, the insider owned 129,614 shares of the company’s stock, valued at C$842,491. This trade represents a 13.37% decrease in their position. Also, Director Craig Henry Hansen sold 50,000 shares of JOY stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of C$6.38, for a total transaction of C$319,000.00. Following the completion of the sale, the director owned 267,396 shares of the company’s stock, valued at C$1,705,986.48. This represents a 15.75% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 330,000 shares of company stock worth $2,135,250. 7.64% of the stock is owned by corporate insiders.

JOY Company Profile

Journey Energy Inc is engaged in the exploration, development, and production of crude oil and natural gas in Alberta province. The company’s principal revenue source is from petroleum and natural gas sales which include the sale of crude oil, natural gas and natural gas liquids, of which it derives key revenue from the sale of crude oil.