McCoy Global (TSE:MCB) Stock Passes Below 200 Day Moving Average of $0.59

McCoy Global Inc (TSE:MCB) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.59 and traded as low as $0.55. McCoy Global shares last traded at $0.55, with a volume of 18,000 shares changing hands.

Separately, Canaccord Genuity increased their price target on shares of McCoy Global from C$0.60 to C$0.70 in a research report on Wednesday, November 27th.

The company has a market cap of $17.26 million and a P/E ratio of 14.86. The company’s 50-day moving average is C$0.64 and its two-hundred day moving average is C$0.59. The company has a quick ratio of 1.72, a current ratio of 3.47 and a debt-to-equity ratio of 26.15.

McCoy Global (TSE:MCB) last issued its earnings results on Thursday, November 7th. The company reported C$0.04 earnings per share for the quarter. The business had revenue of C$15.22 million for the quarter. On average, analysts anticipate that McCoy Global Inc will post 0.12 EPS for the current fiscal year.

McCoy Global Company Profile (TSE:MCB)

McCoy Global Inc, together with its subsidiaries, provides equipment and technologies to support wellbore integrity and assist with collecting critical data for the energy industry. It designs, produces, and distributes capital equipment to support wellbore integrity, as well as supports capital equipment sales through aftermarket products and services, such as technical support, consumables, and replacement parts.

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