JOY (TSE:JOY) Stock Price Passes Above 50 Day Moving Average - Time to Sell?

Key Points

• JOY shares moved above their 50-day moving average, reaching C$6.04 before last trading at C$5.81, compared with a 50-day average of C$4.96.
• Journey reported quarterly revenue of C$55.38 million and EPS of C$0.26, with a 15.09% net margin and 7.55% return on equity. Analysts expect roughly C$0.26 EPS for the current fiscal year.
• Director Tom Macinnis purchased 21,250 shares for approximately C$99,663, while insiders collectively own 7.64% of the company. The article’s unrelated stories about people named Joy have no bearing on JOY Co.’s valuation.

JOY Co., Ltd. (TSE:JOY - Get Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$4.96 and traded as high as C$6.04. JOY shares last traded at C$5.81, with a volume of 296,081 shares trading hands.

Key Headlines Impacting JOY

Here are the key news stories impacting JOY this week:

• Neutral Sentiment: Several reports discuss television personality Joy Taylor’s allegations that a former partner cheated on her while using money she provided. The coverage is unrelated to JOY Co., Ltd. and should not affect its valuation. Joy Taylor mystery ex article Joy Taylor cheating allegations article
• Neutral Sentiment: Articles about Joy Behar’s career milestone and the return of The View for its 30th season are entertainment news, not corporate developments involving JOY Co. Joy Behar career milestone article Joy Behar milestone article
• Neutral Sentiment: “Days of Our Lives” spoilers involving a character named Joy are fictional programming content and have no apparent connection to JOY Co.’s business or stock. Days of Our Lives spoilers
• Neutral Sentiment: Stories about actress Anya Taylor-Joy’s film projects and fashion appearance are also unrelated to JOY Co., Ltd. Anya Taylor-Joy film article

JOY Price Performance

The company has a quick ratio of 0.95, a current ratio of 0.58 and a debt-to-equity ratio of 12.34. The firm has a market capitalization of C$392.06 million, a price-to-earnings ratio of 15.29, a P/E/G ratio of 0.01 and a beta of 0.89. The company has a fifty day moving average price of C$4.96 and a two-hundred day moving average price of C$5.13.

JOY (TSE:JOY - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported C$0.26 EPS for the quarter. JOY had a net margin of 15.09% and a return on equity of 7.55%. The business had revenue of C$55.38 million for the quarter. On average, equities research analysts expect that JOY Co., Ltd. will post 0.2601215 EPS for the current fiscal year.

Insider Transactions at JOY

In other JOY news, Director Tom Macinnis acquired 21,250 shares of the company's stock in a transaction on Friday, June 19th. The shares were bought at an average cost of C$4.69 per share, for a total transaction of C$99,662.50. Following the completion of the purchase, the director owned 21,250 shares in the company, valued at C$99,662.50. This trade represents a ∞ increase in their position. Insiders own 7.64% of the company's stock.

JOY Company Profile

Journey is a Canadian exploration and production company focused on oil-weighted operations in Alberta, Canada. Journey's strategy is to grow its production base by drilling on its existing core lands, implementing secondary and tertiary flood projects on its existing lands, and by executing on accretive acquisitions. The Company continues to shift its focus to the development of its unconventional Duvernay light oil resource play. In addition, Journey is continuing with its plans to grow its power generation business through its projects at Gilby and Mazeppa.

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