McCoy Global (TSE:MCB) Stock Crosses Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• McCoy Global's stock crossed below its 200-day moving average (200‑day MA C$2.99), trading as low as C$2.53 and last at C$2.58 on volume of 14,364 shares.
• Director James Rakievich bought 150,000 shares at C$1.88, raising his holding to 1,193,113 shares; insiders now own 3.66% of the company.
• The company has a market cap of C$70.04M and a P/E of 7.82, reported C$0.30 EPS on C$25.55M revenue last quarter, with a strong current ratio (3.10) but a high debt‑to‑equity (4.69).

McCoy Global Inc. (TSE:MCB - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$2.99 and traded as low as C$2.53. McCoy Global shares last traded at C$2.58, with a volume of 14,364 shares trading hands.

McCoy Global Trading Up 0.4%

The company's fifty day moving average price is C$2.69 and its two-hundred day moving average price is C$2.99. The company has a current ratio of 3.10, a quick ratio of 1.26 and a debt-to-equity ratio of 4.69. The firm has a market cap of C$70.04 million, a P/E ratio of 7.82 and a beta of 0.45.

McCoy Global (TSE:MCB - Get Free Report) last issued its quarterly earnings data on Friday, March 6th. The company reported C$0.30 earnings per share (EPS) for the quarter. The firm had revenue of C$25.55 million during the quarter. McCoy Global had a return on equity of 13.80% and a net margin of 10.76%. As a group, sell-side analysts predict that McCoy Global Inc. will post 0.3003901 EPS for the current fiscal year.

Insider Buying and Selling at McCoy Global

In other McCoy Global news, Director James Rakievich bought 150,000 shares of the company's stock in a transaction on Wednesday, March 18th. The stock was bought at an average price of C$1.88 per share, for a total transaction of C$282,000.00. Following the transaction, the director owned 1,193,113 shares of the company's stock, valued at approximately C$2,243,052.44. The trade was a 14.38% increase in their position. 3.66% of the stock is currently owned by company insiders.

McCoy Global Company Profile

McCoy Global is transforming well construction using automation and machine learning to maximize wellbore integrity and collect precise connection data critical to the global energy industry. The Corporation has offices in Canada, the United States of America, and the United Arab Emirates and operates internationally in more than 50 countries through a combination of direct sales and key distributors. Throughout McCoy's 100-year history, it has proudly called Edmonton, Alberta, Canada its corporate headquarters.

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