McCoy Global (MCB) Price Target Cut to C$1.25

McCoy Global (TSE:MCB) had its target price cut by Canaccord Genuity from C$1.30 to C$1.25 in a research note issued to investors on Thursday morning.

TSE MCB traded down C$0.02 during trading on Thursday, hitting C$1.08. 400 shares of the company’s stock were exchanged, compared to its average volume of 2,793. The company has a debt-to-equity ratio of 13.02, a current ratio of 3.58 and a quick ratio of 1.73. McCoy Global has a fifty-two week low of C$0.93 and a fifty-two week high of C$1.58.

McCoy Global (TSE:MCB) last issued its earnings results on Thursday, November 8th. The company reported C$0.01 EPS for the quarter. The business had revenue of C$13.90 million for the quarter. Equities analysts forecast that McCoy Global will post 0.170000006181818 earnings per share for the current fiscal year.

In other news, Director Christopher Tiernan Seaver purchased 50,000 shares of McCoy Global stock in a transaction dated Monday, November 19th. The shares were bought at an average cost of C$1.14 per share, for a total transaction of C$57,000.00. In the last three months, insiders have acquired 59,200 shares of company stock valued at $67,568.

McCoy Global Company Profile

McCoy Global Inc, together with its subsidiaries, provides equipment and technologies to support wellbore integrity and assist with collecting critical data for the energy industry. It designs, produces, and distributes capital equipment to support wellbore integrity, as well as supports capital equipment sales through aftermarket products and services, such as technical support, consumables, and replacement parts.

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