JOY (TSE:JOY) Stock Price Down 9.1% - Here's Why

Key Points

• Stock down 9.1% — JOY fell 9.1% on Wednesday to C$4.81 (intraday low C$4.57) on volume of 159,533 shares, about 33% below its average session volume and off a prior close of C$5.29.
• Valuation and balance-sheet: market cap C$325.3M with a P/E of 12.68 and PEG ~0.01, but liquidity is thin (current ratio 0.65, quick ratio 0.95) and debt-to-equity is very high at 14.32; latest quarter EPS was C$0.14 on C$41.84M revenue.
• Insider selling — insiders sold 92,081 shares worth about C$509K over the last quarter (including recent sales by Ryan Yates and Guido De Ciancio), leaving insiders with 7.64% ownership.

JOY Co., Ltd. (TSE:JOY - Get Free Report)'s stock price traded down 9.1% on Wednesday . The company traded as low as C$4.57 and last traded at C$4.81. 159,533 shares were traded during trading, a decline of 33% from the average session volume of 238,077 shares. The stock had previously closed at C$5.29.

JOY Stock Performance

The stock's 50-day moving average price is C$4.44 and its 200-day moving average price is C$3.82. 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 company has a market capitalization of C$325.26 million, a P/E ratio of 12.68, a P/E/G ratio of 0.01 and a beta of 0.58.

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 firm had revenue of C$41.84 million for the quarter. As a group, equities analysts expect that JOY Co., Ltd. will post 0.2601215 EPS for the current year.

Insider Transactions at JOY

In other news, insider Ryan Yates sold 26,581 shares of JOY stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of C$5.76, for a total transaction of C$153,106.56. Following the sale, the insider owned 49,798 shares of the company's stock, valued at approximately C$286,836.48. The trade was a 34.80% decrease in their ownership of the stock. Also, insider Guido De Ciancio sold 10,000 shares of the stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of C$5.49, for a total value of C$54,900.00. Following the completion of the transaction, the insider directly owned 143,874 shares of the company's stock, valued at C$789,868.26. This trade represents a 6.50% decrease in their ownership of the stock. Over the last quarter, insiders sold 92,081 shares of company stock worth $509,417. 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.

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