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

McCoy Global logo with Energy background

McCoy Global Inc. (TSE:MCB - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$3.24 and traded as high as C$4.15. McCoy Global shares last traded at C$4.14, with a volume of 28,653 shares.

McCoy Global Price Performance

The firm has a market capitalization of C$112.91 million, a PE ratio of 14.70 and a beta of 0.58. The company has a debt-to-equity ratio of 6.05, a quick ratio of 1.26 and a current ratio of 3.07. The stock's 50 day simple moving average is C$3.96 and its two-hundred day simple moving average is C$3.24.

McCoy Global Increases Dividend

The company 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. The ex-dividend date was Monday, June 30th. This represents a $0.10 dividend on an annualized basis and a yield of 2.42%. This is a positive change from McCoy Global's previous quarterly dividend of $0.02. McCoy Global's dividend payout ratio (DPR) is 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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