Canaccord Genuity Trims McCoy Global (MCB) Target Price to C$1.30

McCoy Global (TSE:MCB) had its price target lowered by Canaccord Genuity from C$1.60 to C$1.30 in a report issued on Tuesday, October 16th.

Shares of MCB traded down C$0.02 during mid-day trading on Tuesday, hitting C$1.18. 600 shares of the company’s stock were exchanged, compared to its average volume of 10,573. McCoy Global has a twelve month low of C$0.95 and a twelve month high of C$1.74. The company has a debt-to-equity ratio of 13.96, a quick ratio of 2.10 and a current ratio of 4.10.

McCoy Global (TSE:MCB) last posted its earnings results on Thursday, August 9th. The company reported C($0.11) earnings per share (EPS) for the quarter. The company had revenue of C$10.39 million for the quarter. Analysts expect that McCoy Global will post 0.2 EPS for the current year.

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.

Read More: Compound Annual Growth Rate (CAGR)

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