McCoy Global (TSE:MCB) Trading 6.6% Higher – Still a Buy?

McCoy Global Inc. (TSE:MCB)’s share price traded up 6.6% during trading on Thursday . The company traded as high as C$2.64 and last traded at C$2.60. 49,861 shares were traded during trading, a decline of 26% from the average session volume of 67,673 shares. The stock had previously closed at C$2.44.

McCoy Global Stock Performance

The business has a 50 day moving average of C$2.50 and a 200 day moving average of C$2.88. The company has a market capitalization of C$61.08 million, a P/E ratio of 6.82 and a beta of 0.32. The company has a quick ratio of 1.26, a current ratio of 3.10 and a debt-to-equity ratio of 4.69.

McCoy Global (TSE:MCB) last announced its quarterly earnings results on Friday, May 15th. The company reported C($0.12) EPS for the quarter. McCoy Global had a net margin of 10.76% and a return on equity of 13.80%. The firm had revenue of C$9.36 million for the quarter. On average, sell-side analysts predict that McCoy Global Inc. will post 0.3003901 earnings per share for the current year.

Insider Transactions at McCoy Global

In related news, Director James Rakievich acquired 150,000 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were acquired at an average cost of C$1.88 per share, for a total transaction of C$282,000.00. Following the completion of the transaction, the director directly owned 1,193,113 shares in the company, valued at approximately C$2,243,052.44. This trade represents a 14.38% increase in their position. 3.66% of the stock is currently owned by company insiders.

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.