Webco Industries (OTCMKTS:WEBC) Announces Earnings Results

Key Points

• Webco Industries reported earnings of $9.18 per share for the latest quarter, as announced on Wednesday.
• The stock hit a price of $190.00, down $2.80 during mid-day trading, with a market capitalization of $133 million.
• Webco Industries specializes in manufacturing and distributing a variety of metal tubular products, including cold drawn welded and seamless tubing.

Webco Industries (OTCMKTS:WEBC - Get Free Report) issued its earnings results on Wednesday. The industrial products company reported $9.18 earnings per share for the quarter, Zacks reports.

Webco Industries Price Performance

Shares of WEBC stock traded down $2.80 during mid-day trading on Wednesday, hitting $190.00. The stock had a trading volume of 60 shares, compared to its average volume of 129. Webco Industries has a 12-month low of $159.80 and a 12-month high of $204.00. The firm has a market capitalization of $133 million, a P/E ratio of 21.23 and a beta of 0.05. The firm's 50-day moving average is $189.11 and its two-hundred day moving average is $185.40.

Webco Industries Company Profile

Webco Industries, Inc manufactures and distributes carbon steel, stainless steel, and other metal tubular products. The company offers cold drawn welded and seamless tubing products for use in air cooler and heater, boiler tube, coiled tubing, steam surface condenser, feed water heater, heat exchanger, instrumentation tubing, mechanical tube, welded pipe, pressure tubing, and specialty stainless tubing, as well as original equipment manufacturer applications.

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