JOY (TSE:JOY) Stock Passes Below 200-Day Moving Average – What’s Next?

JOY Co., Ltd. (TSE:JOY) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$4.53 and traded as low as C$4.45. JOY shares last traded at C$4.66, with a volume of 463,003 shares trading hands.

JOY Stock Down 0.6%

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 stock has a market cap of C$312.44 million, a price-to-earnings ratio of 27.24, a PEG ratio of 0.01 and a beta of 0.73. The business’s fifty day moving average is C$5.61 and its two-hundred day moving average is C$4.53.

JOY (TSE:JOY) last released its earnings results on Thursday, May 7th. The company reported C($0.09) earnings per share (EPS) for the quarter. The business had revenue of C$31.46 million for the quarter. JOY had a return on equity of 3.55% and a net margin of 7.12%. Equities analysts forecast that JOY Co., Ltd. will post 0.2601215 earnings per share for the current fiscal year.

Insider Buying and Selling at JOY

In related news, Director Alexander G. Verge sold 200,000 shares of JOY stock in a transaction on Friday, May 15th. The stock was sold at an average price of C$6.48, for a total value of C$1,296,000.00. Following the completion of the transaction, the director directly owned 268,900 shares in the company, valued at approximately C$1,742,472. This trade represents a 42.65% decrease in their ownership of the stock. Also, insider Gerald Gilewicz sold 20,000 shares of JOY stock in a transaction on Friday, May 15th. The shares were sold at an average price of C$6.50, for a total value of C$130,000.00. Following the completion of the transaction, the insider owned 129,614 shares of the company’s stock, valued at approximately C$842,491. This trade represents a 13.37% decrease in their ownership of the stock. In the last ninety days, insiders have sold 366,581 shares of company stock valued at $2,343,257. Insiders own 7.64% of the company’s stock.

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.