McCoy Global (TSE:MCB) Stock Crosses Above 200-Day Moving Average - Here's Why

Key Points

• McCoy Global's stock has surpassed its 200-day moving average, trading at C$3.90, after reaching a high of C$4.01.
• The company has recently increased its quarterly dividend to $0.025 per share, up from $0.02, offering an annualized yield of 2.56%.
• McCoy Global holds a market capitalization of C$106.37 million and has a notable debt-to-equity ratio of 6.05.

Shares of McCoy Global Inc. (TSE:MCB - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3.29 and traded as high as C$4.01. McCoy Global shares last traded at C$3.90, with a volume of 40,005 shares trading hands.

McCoy Global Stock Down 1.0%

The firm's fifty day moving average price is C$4.02 and its two-hundred day moving average price is C$3.31. The stock has a market cap of C$105.28 million, a price-to-earnings ratio of 13.71 and a beta of 0.58. The company has a debt-to-equity ratio of 6.05, a current ratio of 3.07 and a quick ratio of 1.26.

McCoy Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were paid a $0.025 dividend. This is a positive change from McCoy Global's previous quarterly dividend of $0.02. The ex-dividend date was Monday, June 30th. This represents a $0.10 annualized dividend and a yield of 2.59%. McCoy Global's dividend payout ratio (DPR) is 28.41%.

About McCoy Global

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.