JOY (TSE:JOY) Trading Down 9.1% – Should You Sell?

Shares of JOY Co., Ltd. (TSE:JOY) were down 9.1% on Wednesday . The stock traded as low as C$4.57 and last traded at C$4.81. Approximately 159,533 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 238,077 shares. The stock had previously closed at C$5.29.

JOY Stock Performance

The stock has a market cap of C$325.26 million, a price-to-earnings ratio of 12.68, a PEG ratio of 0.01 and a beta of 0.58. The company’s 50 day simple moving average is C$4.44 and its 200 day simple moving average is C$3.82. The company has a debt-to-equity ratio of 14.32, a quick ratio of 0.95 and a current ratio of 0.65.

JOY (TSE:JOY) last issued its quarterly earnings results on Wednesday, March 11th. The company reported C$0.14 earnings per share for the quarter. JOY had a net margin of 13.26% and a return on equity of 7.54%. The company had revenue of C$41.84 million during the quarter. On average, equities research analysts anticipate that JOY Co., Ltd. will post 0.2601215 earnings per share for the current year.

Insider Buying and Selling at JOY

In other news, insider Ryan Yates sold 26,581 shares of the business’s stock in a transaction on Friday, March 27th. The stock was sold at an average price of C$5.76, for a total value of C$153,106.56. Following the sale, the insider owned 49,798 shares of the company’s stock, valued at approximately C$286,836.48. The trade was a 34.80% decrease in their position. Also, insider Guido De Ciancio sold 10,000 shares of the company’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of C$5.49, for a total value of C$54,900.00. Following the completion of the sale, the insider owned 143,874 shares of the company’s stock, valued at approximately C$789,868.26. This trade represents a 6.50% decrease in their position. In the last ninety days, insiders sold 92,081 shares of company stock valued at $509,417. 7.64% of the stock is owned by corporate insiders.

About JOY

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.