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

Key Points

• McCoy Global Inc. stock has surpassed its 200-day moving average, trading as high as C$3.77, with last trades at C$3.75.
• Analysts from Beacon Securities set a price target of C$5.50 for McCoy Global, and the stock currently holds a consensus rating of "Buy."
• The company has a market capitalization of C$100.38 million and a price-to-earnings ratio of 15.00, indicating solid fundamentals in the energy sector.

McCoy Global Inc. (TSE:MCB - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.52 and traded as high as C$3.77. McCoy Global shares last traded at C$3.75, with a volume of 21,278 shares trading hands.

Analysts Set New Price Targets

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

McCoy Global Stock 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 market capitalization of C$100.38 million, a price-to-earnings ratio of 15.00 and a beta of 0.56. The stock has a 50 day simple moving average of C$3.45 and a two-hundred day simple moving average of C$3.52.

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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