JOY (TSE:JOY) Stock Price Up 4.8% – Should You Buy?

JOY Co., Ltd. (TSE:JOY)’s share price rose 4.8% during mid-day trading on Tuesday . The stock traded as high as C$5.34 and last traded at C$5.26. Approximately 105,638 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 231,510 shares. The stock had previously closed at C$5.02.

JOY Stock Down 0.6%

The firm’s 50-day moving average price is C$4.47 and its 200-day moving average price is C$3.83. The company has a market cap of C$336.06 million, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 0.01 and a beta of 0.58. The company has a debt-to-equity ratio of 14.32, a current ratio of 0.65 and a quick ratio of 0.95.

JOY (TSE:JOY) last released its quarterly earnings data on Wednesday, March 11th. The company reported C$0.14 earnings per share (EPS) for the quarter. JOY had a net margin of 13.26% and a return on equity of 7.54%. The company had revenue of C$41.84 million during the quarter. Sell-side analysts forecast that JOY Co., Ltd. will post 0.2601215 earnings per share for the current fiscal year.

Insider Activity at JOY

In related news, insider Ryan Yates sold 26,581 shares of the firm’s stock in a transaction on Friday, March 27th. The shares were sold at an average price of C$5.76, for a total transaction of C$153,106.56. Following the completion of the sale, the insider directly owned 49,798 shares of the company’s stock, valued at approximately C$286,836.48. This trade represents a 34.80% decrease in their position. Also, insider Richard Tracy sold 31,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of C$5.43, for a total transaction of C$168,330.00. Following the sale, the insider directly owned 113,347 shares of the company’s stock, valued at approximately C$615,474.21. The trade was a 21.48% decrease in their ownership of the stock. In the last three months, insiders sold 92,081 shares of company stock valued at $509,417. Corporate insiders own 7.64% of the company’s stock.

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.