JOY (TSE:JOY) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

JOY Co., Ltd. (TSE:JOY)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.76 and traded as low as C$4.14. JOY shares last traded at C$4.16, with a volume of 438,656 shares trading hands.

JOY Price Performance

The stock has a market capitalization of C$311.76 million, a price-to-earnings ratio of 27.18, a PEG ratio of 0.01 and a beta of 0.80. The company has a debt-to-equity ratio of 14.84, a quick ratio of 0.95 and a current ratio of 0.52. The company has a 50 day moving average of C$4.65 and a 200 day moving average of C$4.77.

JOY (TSE:JOY) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.26 earnings per share (EPS) for the quarter. The company had revenue of C$55.38 million for the quarter. JOY had a return on equity of 3.55% and a net margin of 7.12%. As a group, equities research analysts anticipate that JOY Co., Ltd. will post 0.2601215 EPS for the current year.

Insider Activity

In related news, insider Gerald Gilewicz sold 20,000 shares of the firm’s stock in a transaction that occurred 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 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 ownership of the stock. Also, Director Alexander G. Verge sold 200,000 shares of JOY stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of C$6.48, for a total transaction of C$1,296,000.00. Following the completion of the transaction, the director owned 268,900 shares of the company’s stock, valued at C$1,742,472. This represents a 42.65% decrease in their position. In the last three months, insiders sold 330,000 shares of company stock valued at $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.