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McCoy Global (TSE:MCB) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

McCoy Global logo with Energy background

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.
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McCoy Global Inc. (TSE:MCB - Get Free Report)'s stock price passed 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 Price Performance

The company has a debt-to-equity ratio of 6.05, a current ratio of 3.07 and a quick ratio of 1.26. The company has a 50-day moving average price of C$4.01 and a 200-day moving average price of C$3.36. The firm has a market capitalization of C$85.09 million, a PE ratio of 11.08 and a beta of 0.58.

McCoy Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 3.2%. This is a boost from McCoy Global's previous quarterly dividend of $0.02. The ex-dividend date was Monday, June 30th. McCoy Global's dividend payout ratio (DPR) is currently 28.41%.

About McCoy Global

(Get Free Report)

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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