Webco Industries (OTCMKTS:WEBC) Stock Crosses Below Two Hundred Day Moving Average - Here's What Happened

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.

Webco Industries Inc. (OTCMKTS:WEBC - Get Free Report)'s share price passed 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 changing hands.

Webco Industries Trading Down 0.5%

The firm has a market cap of $130.20 million, a PE ratio of 20.78 and a beta of 0.05. The company's 50-day moving average is $183.96 and its 200 day 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 EPS for the quarter. The firm had revenue of $155.37 million during the quarter.

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.