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

Key Points

• McCoy Global's stock price has surpassed its 200-day moving average of C$3.54, reaching as high as C$3.65 during recent trading.
• Beacon Securities has set a C$5.50 price target on McCoy Global shares, maintaining a "buy" rating as the stock is currently rated as such by analysts.
• The company has a market capitalization of C$93.42 million and a price-to-earnings ratio of 13.96, indicating a stable financial position in the energy sector.

Shares of McCoy Global Inc. (TSE:MCB - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3.54 and traded as high as C$3.65. McCoy Global shares last traded at C$3.49, with a volume of 60,538 shares trading hands.

Wall Street Analyst Weigh In

Separately, Beacon Securities set a C$5.50 price target on shares of McCoy Global and gave the company a "buy" rating in a research note on Monday, August 18th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$5.50.

McCoy Global Price Performance

The stock has a market capitalization of C$93.42 million, a price-to-earnings ratio of 13.96 and a beta of 0.36. The company has a quick ratio of 1.26, a current ratio of 3.07 and a debt-to-equity ratio of 6.05. The business's 50 day simple moving average is C$3.44 and its 200-day simple moving average is C$3.54.

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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