McCoy Global (TSE:MCB) Issues Quarterly Earnings Results

McCoy Global (TSE:MCB) announced its earnings results on Friday. The company reported C($0.12) earnings per share (EPS) for the quarter, FiscalAI reports. McCoy Global had a return on equity of 13.80% and a net margin of 10.76%.The company had revenue of C$9.36 million for the quarter.

McCoy Global Price Performance

TSE MCB opened at C$2.25 on Friday. McCoy Global has a twelve month low of C$2.12 and a twelve month high of C$4.48. The company has a debt-to-equity ratio of 4.69, a quick ratio of 1.26 and a current ratio of 3.10. The stock has a market capitalization of C$61.08 million, a PE ratio of 6.82 and a beta of 0.32. The stock has a 50-day simple moving average of C$2.50 and a 200 day simple moving average of C$2.88.

Insider Transactions at McCoy Global

In other McCoy Global news, Director James Rakievich bought 150,000 shares of the stock in a transaction on Wednesday, March 18th. The shares were purchased at an average price of C$1.88 per share, with a total value of C$282,000.00. Following the acquisition, the director directly owned 1,193,113 shares of the company’s stock, valued at C$2,243,052.44. This represents a 14.38% increase in their position. 3.66% of the stock is owned by company insiders.

McCoy Global Company Profile

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.