McCoy Global (TSE:MCB) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

McCoy Global Inc. (TSE:MCB)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$2.72 and traded as low as C$2.27. McCoy Global shares last traded at C$2.28, with a volume of 13,965 shares trading hands.

McCoy Global Stock Performance

The company has a market cap of C$62.44 million, a P/E ratio of 12.78 and a beta of 0.09. The company has a quick ratio of 1.26, a current ratio of 2.71 and a debt-to-equity ratio of 11.75. The stock has a 50 day moving average price of C$2.38 and a two-hundred day moving average price of C$2.71.

McCoy Global (TSE:MCB) last released its quarterly earnings results on Friday, May 15th. The company reported C($0.12) earnings per share for the quarter. The firm had revenue of C$9.36 million for the quarter. McCoy Global had a return on equity of 7.47% and a net margin of 6.65%. On average, research analysts predict that McCoy Global Inc. will post 0.3003901 earnings per share for the current fiscal year.

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.