JOY (TSE:JOY) Trading 10.9% Higher - Time to Buy?

Key Points

• Share price rose 10.9% to C$6.62 (intraday high C$6.81) on Tuesday with volume ~441,680 shares — 71% above average — and the 50‑day/200‑day moving averages at C$4.94 and C$4.04 respectively.
• Recent results: JOY reported C$0.14 EPS and C$41.84M revenue for the quarter, with a 13.26% net margin and ROE of 7.54%, the stock trades at a P/E of 16.47 and analysts expect ~C$0.26 EPS for the year.
• Insider selling has been active, with 92,081 shares sold in the last three months (including sizeable sales by two insiders); insiders still own 7.64% of the company.

JOY Co., Ltd. (TSE:JOY - Get Free Report)'s share price rose 10.9% during trading on Tuesday . The stock traded as high as C$6.81 and last traded at C$6.62. Approximately 441,680 shares traded hands during trading, an increase of 71% from the average daily volume of 257,975 shares. The stock had previously closed at C$5.97.

JOY Trading Up 4.9%

The firm has a market capitalization of C$422.43 million, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 0.01 and a beta of 0.58. The company has a fifty day moving average price of C$4.94 and a 200-day moving average price of C$4.04. The company has a current ratio of 0.65, a quick ratio of 0.95 and a debt-to-equity ratio of 14.32.

JOY (TSE:JOY - Get Free Report) last posted its earnings results on Wednesday, March 11th. The company reported C$0.14 EPS for the quarter. The company had revenue of C$41.84 million during the quarter. JOY had a net margin of 13.26% and a return on equity of 7.54%. On average, equities research analysts predict that JOY Co., Ltd. will post 0.2601215 EPS for the current year.

Insider Activity at JOY

In related news, insider Guido De Ciancio sold 10,000 shares of the stock in a transaction dated Monday, March 23rd. The shares were 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 owned 143,874 shares of the company's stock, valued at C$789,868.26. This represents a 6.50% decrease in their ownership of the stock. Also, insider Richard Tracy sold 31,000 shares of JOY 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 sale, the insider directly owned 113,347 shares in the company, valued at C$615,474.21. The trade was a 21.48% decrease in their ownership of the stock. In the last three months, insiders have sold 92,081 shares of company stock worth $509,417. 7.64% of the stock is owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.