JOY (TSE:JOY) Hits New 12-Month High - Time to Buy?

Key Points

• Shares of JOY hit a new 52-week high of C$6.14 (last C$6.10) on volume of 419,965 shares, rising about 4.5% from the prior close of C$5.78; the 50‑ and 200‑day moving averages are C$3.98 and C$3.64 respectively.
• The company has a market cap of C$407.6M, a P/E of 15.89 and P/E/G of 0.01, posted C$0.14 EPS on C$41.84M revenue last quarter, and analysts forecast about 0.26 EPS for the current fiscal year.
• Insiders have been selling recently: Richard Tracy sold 31,000 shares at C$5.43 (a 21.48% reduction of his holding), insiders sold 55,500 shares in the last three months, and insiders now own 7.64% of the stock.

Shares of JOY Co., Ltd. (TSE:JOY - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as C$6.14 and last traded at C$6.10, with a volume of 419965 shares traded. The stock had previously closed at C$5.78.

JOY Stock Up 4.5%

The firm has a market cap of C$407.59 million, a P/E ratio of 15.89, a P/E/G ratio of 0.01 and a beta of 1.47. The company has a current ratio of 0.65, a quick ratio of 0.95 and a debt-to-equity ratio of 14.32. The business has a 50-day moving average price of C$3.98 and a 200-day moving average price of C$3.64.

JOY (TSE:JOY - Get Free Report) last released its quarterly earnings data on Wednesday, March 11th. The company reported C$0.14 earnings per share 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. On average, equities analysts forecast that JOY Co., Ltd. will post 0.2601215 EPS for the current fiscal year.

Insider Activity at JOY

In other news, insider Richard Tracy sold 31,000 shares of the company's stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of C$5.43, for a total value of C$168,330.00. Following the completion of the sale, the insider owned 113,347 shares of the company's stock, valued at approximately C$615,474.21. This represents a 21.48% decrease in their position. In the last three months, insiders have sold 55,500 shares of company stock valued at $301,410. 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.

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