McCoy Global (TSE:MCB) Sets New 12-Month High – Here’s What Happened

McCoy Global Inc. (TSE:MCB)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$3.05 and last traded at C$3.03, with a volume of 14113 shares traded. The stock had previously closed at C$3.03.

McCoy Global Stock Performance

The company has a market capitalization of C$84.53 million, a P/E ratio of 9.77 and a beta of 0.58. The business has a 50 day moving average of C$2.32 and a 200 day moving average of C$2.11. The company has a quick ratio of 1.26, a current ratio of 3.13 and a debt-to-equity ratio of 6.50.

McCoy Global (TSE:MCB) last posted its earnings results on Friday, August 9th. The company reported C$0.11 EPS for the quarter. McCoy Global had a return on equity of 15.52% and a net margin of 11.88%. The firm had revenue of C$19.91 million during the quarter. On average, sell-side analysts predict that McCoy Global Inc. will post 0.3003901 earnings per share for the current year.

McCoy Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a $0.02 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.57%. McCoy Global’s payout ratio is currently 25.81%.

About McCoy Global

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.