JOY (TSE:JOY) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

JOY Co., Ltd. (TSE:JOY) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$4.94 and traded as high as C$6.06. JOY shares last traded at C$5.97, with a volume of 505,764 shares.

JOY Trading Up 5.1%

The business’s 50 day simple moving average is C$4.94 and its two-hundred day simple moving average is C$4.04. The stock has a market cap of C$402.86 million, a P/E ratio of 15.71, a PEG ratio of 0.01 and a beta of 0.58. The company has a quick ratio of 0.95, a current ratio of 0.65 and a debt-to-equity ratio of 14.32.

JOY (TSE:JOY) last posted its earnings results on Wednesday, March 11th. The company reported C$0.14 earnings per share for the quarter. The firm had revenue of C$41.84 million for the quarter. JOY had a net margin of 13.26% and a return on equity of 7.54%. As a group, analysts expect that JOY Co., Ltd. will post 0.2601215 EPS for the current year.

Insiders Place Their Bets

In other JOY news, insider Ryan Yates sold 26,581 shares of the business’s stock in a transaction on Friday, March 27th. The shares were sold at an average price of C$5.76, for a total transaction of C$153,106.56. Following the sale, the insider owned 49,798 shares of the company’s stock, valued at approximately C$286,836.48. The trade was a 34.80% decrease in their ownership of the stock. Also, insider Richard Tracy sold 31,000 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of C$5.43, for a total transaction of C$168,330.00. Following the completion of the sale, the insider directly owned 113,347 shares in the company, valued at approximately C$615,474.21. This represents a 21.48% decrease in their position. Over the last quarter, insiders have sold 92,081 shares of company stock valued at $509,417. 7.64% of the stock is currently 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.