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McCoy Global (TSE:MCB) Stock Price Passes Below 200-Day Moving Average - Time to Sell?

McCoy Global logo with Energy background
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Key Points

  • Technical sell signal: McCoy Global's stock fell below its 200-day moving average
  • Mixed fundamentals: the company has a small market cap (C$63.85M) and low valuation (PE 7.21), reported C$0.30 EPS and C$25.55M revenue last quarter with ROE 13.8% and analysts forecasting ~C$0.30 EPS, but carries a high debt-to-equity ratio (4.69) despite a healthy current ratio (3.10).
  • Insider confidence: Director James Rakievich bought 150,000 shares at C$1.88 on March 18, boosting his holding ~14.4% to 1,193,113 shares, and insiders now own about 3.66% of the company.
  • MarketBeat previews the top five stocks to own by May 1st.

McCoy Global Inc. (TSE:MCB - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$3.08 and traded as low as C$2.35. McCoy Global shares last traded at C$2.38, with a volume of 22,259 shares traded.

McCoy Global Price Performance

The firm has a market cap of C$63.85 million, a PE ratio of 7.21 and a beta of 0.45. The firm has a fifty day simple moving average of C$2.87 and a two-hundred day simple moving average of C$3.08. The company has a debt-to-equity ratio of 4.69, a quick ratio of 1.26 and a current ratio of 3.10.

McCoy Global (TSE:MCB - Get Free Report) last released its quarterly earnings results on Friday, March 6th. The company reported C$0.30 earnings per share for the quarter. The business 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%. Equities analysts predict that McCoy Global Inc. will post 0.3003901 EPS for the current fiscal year.

Insiders Place Their Bets

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

About McCoy Global

(Get Free Report)

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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