JOY (TSE:JOY) Shares Down 8.9% – What’s Next?

JOY Co., Ltd. (TSE:JOY)’s share price dropped 8.9% during mid-day trading on Thursday . The stock traded as low as C$5.90 and last traded at C$6.03. Approximately 275,614 shares were traded during mid-day trading, an increase of 1% from the average daily volume of 273,831 shares. The stock had previously closed at C$6.62.

JOY Stock Performance

The company has a market cap of C$447.40 million, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 0.01 and a beta of 0.84. The company has a debt-to-equity ratio of 14.32, a current ratio of 0.65 and a quick ratio of 0.95. The stock has a 50-day moving average price of C$5.04 and a 200 day moving average price of C$4.09.

JOY (TSE:JOY) last released its quarterly earnings results on Wednesday, March 11th. The company reported C$0.14 EPS for the quarter. The company had revenue of C$41.84 million for the quarter. JOY had a return on equity of 7.54% and a net margin of 13.26%. As a group, analysts anticipate that JOY Co., Ltd. will post 0.2601215 EPS for the current fiscal year.

Insider Transactions at JOY

In other news, insider Guido De Ciancio sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of C$5.49, for a total transaction of C$54,900.00. Following the sale, the insider owned 143,874 shares of the company’s stock, valued at C$789,868.26. This trade represents a 6.50% decrease in their ownership of the stock. Also, insider Richard Tracy sold 31,000 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of C$5.43, for a total value of C$168,330.00. Following the sale, the insider directly owned 113,347 shares in the company, valued at approximately C$615,474.21. This represents a 21.48% decrease in their position. Insiders have sold a total of 92,081 shares of company stock valued at $509,417 over the last 90 days. 7.64% of the stock is owned by company insiders.

About JOY

Journey Energy Inc is engaged in the exploration, development, and production of crude oil and natural gas in Alberta province. The company’s principal revenue source is from petroleum and natural gas sales which include the sale of crude oil, natural gas and natural gas liquids, of which it derives key revenue from the sale of crude oil.