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Webco Industries (OTCMKTS:WEBC) Shares Pass Below Two Hundred Day Moving Average - Should You Sell?

Webco Industries logo with Industrials background

Key Points

  • Webco Industries' shares have fallen below their 200-day moving average of $186.84, trading as low as $186.75 on Wednesday.
  • The company reported earnings per share (EPS) of $7.05 for the last quarter, with revenues of $155.37 million.
  • Webco Industries has a market capitalization of $130.90 million and a low beta of 0.04, indicating low volatility compared to the market.
  • Looking to export and analyze Webco Industries data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Shares of Webco Industries Inc. (OTCMKTS:WEBC - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $186.84 and traded as low as $186.75. Webco Industries shares last traded at $187.00, with a volume of 3 shares.

Webco Industries Price Performance

The firm has a market capitalization of $130.20 million, a P/E ratio of 20.78 and a beta of 0.05. The firm's 50 day simple moving average is $183.96 and its two-hundred day simple moving average is $186.56.

Webco Industries (OTCMKTS:WEBC - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The industrial products company reported $7.05 earnings per share (EPS) for the quarter. The firm had revenue of $155.37 million for the quarter.

About Webco Industries

(Get Free Report)

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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