McCoy Global (TSE:MCB) Share Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• McCoy Global Inc. shares surpassed their 200-day moving average of C$3.35, trading as high as C$3.63 recently.
• The company announced an increase in its quarterly dividend from $0.02 to $0.025 per share, leading to an annualized yield of 2.8%.
• With a market cap of C$98.46 million, McCoy Global maintains a debt-to-equity ratio of 6.05 and a current ratio of 3.07.

McCoy Global Inc. (TSE:MCB - ) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$3.35 and traded as high as C$3.63. McCoy Global shares last traded at C$3.61, with a volume of 225,150 shares changing hands.

McCoy Global Stock Up 0.8%

The company has a current ratio of 3.07, a quick ratio of 1.26 and a debt-to-equity ratio of 6.05. The firm has a market cap of C$98.46 million, a PE ratio of 12.82 and a beta of 0.58. The business's 50-day simple moving average is C$4.03 and its 200 day simple moving average is C$3.35.

McCoy Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were given a dividend of $0.025 per share. This is a positive change from McCoy Global's previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.10 dividend on an annualized basis and a yield of 2.8%. McCoy Global's payout ratio is 28.41%.

McCoy Global Company Profile

McCoy Global Inc is a provider of equipment and technologies to support tubular running operations, enhance wellbore integrity and assist with collecting critical data for the global energy industry. It is engaged in the design, production and distribution of capital equipment to support tubular running operations, enhance wellbore integrity and to support capital equipment sales through aftermarket products and services such as technical support, consumables and replacement parts.

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