JOY (TSE:JOY) Stock Crosses Above Fifty Day Moving Average – What’s Next?

JOY Co., Ltd. (TSE:JOY)’s share price passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of C$5.33 and traded as high as C$5.53. JOY shares last traded at C$5.36, with a volume of 456,073 shares traded.

JOY Price Performance

The company has a market cap of C$353.60 million, a PE ratio of 13.79, a PEG ratio of 0.01 and a beta of 0.89. The company has a debt-to-equity ratio of 12.34, a current ratio of 0.58 and a quick ratio of 0.95. The stock’s 50-day moving average is C$5.35 and its 200 day moving average is C$5.26.

JOY (TSE:JOY) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.26 EPS for the quarter. The firm had revenue of C$55.38 million during the quarter. JOY had a return on equity of 7.55% and a net margin of 15.09%. On average, equities analysts anticipate that JOY Co., Ltd. will post 0.2601215 earnings per share for the current fiscal year.

About JOY

Journey is a Canadian exploration and production company focused on oil-weighted operations in Alberta, Canada. Journey’s strategy is to grow its production base by drilling on its existing core lands, implementing secondary and tertiary flood projects on its existing lands, and by executing on accretive acquisitions. The Company continues to shift its focus to the development of its unconventional Duvernay light oil resource play. In addition, Journey is continuing with its plans to grow its power generation business through its projects at Gilby and Mazeppa.