JOY (TSE:JOY) Share Price Passes Below 50-Day Moving Average – Here’s What Happened

JOY Co., Ltd. (TSE:JOY – Get Free Report) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$5.54 and traded as low as C$4.21. JOY shares last traded at C$4.22, with a volume of 169,023 shares changing hands.

JOY Price Performance

The company has a quick ratio of 0.95, a current ratio of 0.52 and a debt-to-equity ratio of 14.73. The company’s fifty day moving average is C$5.52 and its 200-day moving average is C$4.57. The company has a market cap of C$276.00 million, a PE ratio of 24.06, a PEG ratio of 0.01 and a beta of 0.73.

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JOY (TSE:JOY – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported C($0.09) earnings per share for the quarter. The firm had revenue of C$31.46 million for the quarter. JOY had a net margin of 7.12% and a return on equity of 3.55%. On average, analysts predict that JOY Co., Ltd. will post 0.2601215 EPS for the current year.

Insider Buying and Selling at JOY

In other news, Director Craig Henry Hansen sold 50,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of C$6.38, for a total transaction of C$319,000.00. Following the completion of the sale, the director owned 267,396 shares of the company’s stock, valued at C$1,705,986.48. This represents a 15.75% decrease in their position. Also, Director Alexander G. Verge sold 200,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of C$6.48, for a total transaction of C$1,296,000.00. Following the completion of the transaction, the director owned 268,900 shares in the company, valued at C$1,742,472. This trade represents a 42.65% decrease in their position. Over the last quarter, insiders sold 330,000 shares of company stock worth $2,135,250. 7.64% of the stock is owned by corporate insiders.

JOY Company Profile

(Get Free Report)

Journey Energy Inc is engaged in the exploration, development, and production of crude oil and natural gas in Alberta province. The company’s principal revenue source is from petroleum and natural gas sales which include the sale of crude oil, natural gas and natural gas liquids, of which it derives key revenue from the sale of crude oil.

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