McCoy Global (TSE:MCB) Shares Down 16.5% – Should You Sell?

Shares of McCoy Global Inc. (TSE:MCB) fell 16.5% during trading on Friday . The company traded as low as C$2.55 and last traded at C$2.63. 189,865 shares were traded during trading, an increase of 332% from the average session volume of 43,972 shares. The stock had previously closed at C$3.15.

McCoy Global Price Performance

The stock has a market capitalization of C$70.49 million, a P/E ratio of 10.52 and a beta of -0.11. The business’s 50 day simple moving average is C$3.16 and its two-hundred day simple moving average is C$3.22. The company has a quick ratio of 1.26, a current ratio of 2.56 and a debt-to-equity ratio of 5.29.

McCoy Global (TSE:MCB) last posted its earnings results on Friday, March 6th. The company reported C$0.30 EPS for the quarter. The company had revenue of C$25.55 million during the quarter. McCoy Global had a net margin of 8.53% and a return on equity of 11.00%. As a group, sell-side analysts forecast that McCoy Global Inc. will post 0.3003901 earnings per share for the current fiscal year.

About McCoy Global

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.