McCoy Global (TSE:MCB) Hits New 1-Year High – Should You Buy?

McCoy Global Inc. (TSE:MCB) shares hit a new 52-week high on Tuesday . The stock traded as high as C$2.91 and last traded at C$2.89, with a volume of 57700 shares changing hands. The stock had previously closed at C$2.75.

McCoy Global Stock Performance

The business’s fifty day simple moving average is C$2.16 and its 200-day simple moving average is C$2.05. The firm has a market cap of C$81.54 million, a P/E ratio of 9.97 and a beta of 0.58. The company has a current ratio of 3.13, a quick ratio of 1.26 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 earnings per share for the quarter. The company had revenue of C$19.91 million during the quarter. McCoy Global had a net margin of 11.88% and a return on equity of 15.52%. As a group, sell-side analysts expect that McCoy Global Inc. will post 0.3003901 earnings per share for the current year.

McCoy Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.67%. McCoy Global’s dividend payout ratio is presently 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.