McCoy Global (TSE:MCB) had its price target cut by Canaccord Genuity from C$0.75 to C$0.65 in a research note released on Tuesday, BayStreet.CA reports.

Shares of MCB opened at C$0.54 on Tuesday. The stock has a fifty day simple moving average of C$0.63. McCoy Global has a fifty-two week low of C$0.52 and a fifty-two week high of C$1.45. The company has a market capitalization of $14.26 million and a PE ratio of -10.59. The company has a debt-to-equity ratio of 21.05, a current ratio of 3.59 and a quick ratio of 1.59.

McCoy Global (TSE:MCB) last announced its quarterly earnings results on Friday, May 10th. The company reported C$0.02 earnings per share for the quarter. The business had revenue of C$14.84 million during the quarter. Analysts anticipate that McCoy Global will post 0.14 earnings per share for the current year.

In other McCoy Global news, Director Christopher Tiernan Seaver purchased 50,000 shares of McCoy Global stock in a transaction that occurred on Monday, May 27th. The shares were bought at an average price of C$0.65 per share, for a total transaction of C$32,500.00. Following the completion of the transaction, the director now owns 247,300 shares of the company’s stock, valued at approximately C$160,745.

About McCoy Global

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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