JOY (TSE:JOY) Shares Cross Below 50 Day Moving Average – Should You Sell?

Shares of JOY Co., Ltd. (TSE:JOY) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$5.39 and traded as low as C$4.06. JOY shares last traded at C$4.10, with a volume of 412,084 shares.

JOY Stock Performance

The company has a market cap of C$276.67 million, a PE ratio of 24.12, a PEG ratio of 0.01 and a beta of 0.82. The company has a debt-to-equity ratio of 14.73, a current ratio of 0.52 and a quick ratio of 0.95. The business has a 50-day moving average of C$5.39 and a 200 day moving average of C$4.61.

JOY (TSE:JOY) last announced its earnings results on Thursday, May 7th. The company reported C($0.09) earnings per share (EPS) for the quarter. The firm had revenue of C$31.46 million during the quarter. JOY had a return on equity of 3.55% and a net margin of 7.12%. Equities research analysts anticipate that JOY Co., Ltd. will post 0.2601215 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Craig Henry Hansen sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of C$6.38, for a total value of C$319,000.00. Following the transaction, the director owned 267,396 shares of the company’s stock, valued at approximately C$1,705,986.48. This trade represents a 15.75% decrease in their ownership of the stock. Also, insider Brett Boklaschuk sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of C$6.51, for a total transaction of C$162,750.00. Following the sale, the insider owned 236,877 shares of the company’s stock, valued at C$1,542,069.27. This trade represents a 9.55% decrease in their ownership of the stock. Insiders have sold a total of 330,000 shares of company stock valued at $2,135,250 in the last 90 days. 7.64% of the stock is owned by insiders.

JOY Company Profile

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.