McCoy Global (TSE:MCB) Trading 2.2% Higher – Here’s What Happened

McCoy Global Inc. (TSE:MCB)’s share price traded up 2.2% during mid-day trading on Tuesday . The company traded as high as C$2.82 and last traded at C$2.81. 251,009 shares changed hands during mid-day trading, an increase of 295% from the average session volume of 63,549 shares. The stock had previously closed at C$2.75.

McCoy Global Stock Performance

The company has a debt-to-equity ratio of 6.50, a current ratio of 3.13 and a quick ratio of 1.26. The firm has a market capitalization of C$76.38 million, a PE ratio of 9.06 and a beta of 0.58. The company’s fifty day simple moving average is C$3.07 and its 200 day simple moving average is C$2.40.

McCoy Global (TSE:MCB) last announced its quarterly earnings results on Friday, November 8th. The company reported C$0.02 EPS for the quarter. McCoy Global had a net margin of 11.88% and a return on equity of 15.52%. The company had revenue of C$15.84 million for the quarter. As a group, equities research analysts expect that McCoy Global Inc. will post 0.3003901 EPS for the current fiscal year.

McCoy Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.02 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.08 annualized dividend and a yield of 2.85%. McCoy Global’s dividend payout ratio is currently 25.81%.

McCoy Global Company Profile

McCoy Global Inc provides equipment and technologies to support tubular running operations that enhance wellbore integrity and assist with collecting critical data for the energy industry. The company’s products are used during the well construction phase for land and offshore wells during oil and gas exploration and development.