JOY (TSE:JOY) Shares Down 8.9% – Here’s What Happened

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

JOY Stock Performance

The company has a debt-to-equity ratio of 14.32, a quick ratio of 0.95 and a current ratio of 0.65. The company has a market capitalization of C$423.11 million, a P/E ratio of 16.50, a price-to-earnings-growth ratio of 0.01 and a beta of 0.84. The business has a 50 day moving average of C$5.09 and a 200-day moving average of C$4.11.

JOY (TSE:JOY) last released its quarterly earnings data on Wednesday, March 11th. The company reported C$0.14 earnings per share (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%. On average, sell-side analysts predict that JOY Co., Ltd. will post 0.2601215 EPS for the current fiscal year.

Insider Buying and Selling at JOY

In other JOY news, insider Ryan Yates sold 26,581 shares of the firm’s stock in a transaction on Friday, March 27th. The shares were sold at an average price of C$5.76, for a total value of C$153,106.56. Following the completion of the transaction, the insider directly owned 49,798 shares of the company’s stock, valued at C$286,836.48. This trade represents a 34.80% decrease in their position. Also, insider Guido De Ciancio sold 10,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of C$5.49, for a total transaction of C$54,900.00. Following the completion of the transaction, the insider directly owned 143,874 shares of the company’s stock, valued at approximately C$789,868.26. The trade was a 6.50% decrease in their ownership of the stock. Insiders sold a total of 92,081 shares of company stock valued at $509,417 in the last three months. Company insiders own 7.64% of the company’s stock.

JOY Company Profile

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.