MRC Global (NYSE:MRC) Stock Passes Above 200-Day Moving Average - Should You Sell?

Shares of MRC Global Inc. (NYSE:MRC - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.51 and traded as high as $13.40. MRC Global shares last traded at $13.14, with a volume of 1,571,178 shares.

Analyst Ratings Changes

Several research firms have commented on MRC. Wall Street Zen raised shares of MRC Global from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Susquehanna decreased their price objective on shares of MRC Global from $15.00 to $13.00 and set a "positive" rating for the company in a report on Monday, April 14th. Stifel Nicolaus raised their price objective on shares of MRC Global from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Finally, Loop Capital cut their target price on MRC Global from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th.

MRC Global Trading Down 1.2%

The company has a debt-to-equity ratio of 0.70, a current ratio of 1.68 and a quick ratio of 0.91. The business has a fifty day moving average of $12.83 and a 200-day moving average of $12.51. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -116.36 and a beta of 1.61.

MRC Global (NYSE:MRC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.06. MRC Global had a net margin of 0.47% and a return on equity of 12.82%. The company had revenue of $712.00 million for the quarter, compared to analysts' expectations of $710.00 million. During the same quarter in the previous year, the company posted $0.20 EPS. The business's revenue was down 11.7% compared to the same quarter last year. On average, equities analysts anticipate that MRC Global Inc. will post 0.86 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MRC Global

Institutional investors and hedge funds have recently modified their holdings of the stock. Harbor Capital Advisors Inc. raised its position in shares of MRC Global by 15.8% during the second quarter. Harbor Capital Advisors Inc. now owns 23,079 shares of the oil and gas company's stock worth $316,000 after purchasing an additional 3,156 shares during the period. Voya Investment Management LLC increased its stake in MRC Global by 8.3% in the 1st quarter. Voya Investment Management LLC now owns 38,353 shares of the oil and gas company's stock worth $440,000 after purchasing an additional 2,936 shares in the last quarter. Strs Ohio acquired a new stake in MRC Global during the 1st quarter worth about $602,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in MRC Global by 1.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 270,742 shares of the oil and gas company's stock valued at $3,108,000 after buying an additional 4,052 shares in the last quarter. Finally, Optimize Financial Inc lifted its stake in MRC Global by 12.7% during the first quarter. Optimize Financial Inc now owns 19,276 shares of the oil and gas company's stock valued at $221,000 after buying an additional 2,169 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company's stock.

MRC Global Company Profile

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components; and valve modification services, including valve control extensions, welding, hydrotesting, painting, coating, x-raying, and actuation assembly.