McCoy Global (TSE:MCB) Hits New 52-Week Low – What’s Next?

Shares of McCoy Global Inc. (TSE:MCB) hit a new 52-week low on Friday . The stock traded as low as C$2.08 and last traded at C$2.09, with a volume of 102681 shares trading hands. The stock had previously closed at C$2.19.

McCoy Global Stock Down 2.7%

The firm has a 50 day simple moving average of C$2.42 and a two-hundred day simple moving average of C$2.77. The company has a market capitalization of C$57.83 million, a PE ratio of 11.83 and a beta of 0.09. The company has a current ratio of 2.71, a quick ratio of 1.26 and a debt-to-equity ratio of 11.75.

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

Insider Activity at McCoy Global

In other news, Director James Rakievich bought 150,000 shares of McCoy Global stock in a transaction dated Wednesday, March 18th. The stock was bought at an average price of C$1.88 per share, for a total transaction of C$282,000.00. Following the purchase, the director owned 1,193,113 shares of the company’s stock, valued at approximately C$2,243,052.44. The trade was a 14.38% increase in their ownership of the stock. Company insiders own 3.66% of the company’s stock.

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.