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Webco Industries (OTCMKTS:WEBC) Stock Price Crosses Above Fifty Day Moving Average - Here's Why

Webco Industries logo with Industrials background

Key Points

  • Webco Industries stock price has crossed above its fifty-day moving average, reaching a high of $190.00 during trading.
  • The company's market cap stands at $133 million with a price-to-earnings ratio of 21.23.
  • Webco Industries reported earnings of $9.18 per share for its quarterly earnings on October 1st.
  • MarketBeat previews the top five stocks to own by November 1st.

Shares of Webco Industries Inc. (OTCMKTS:WEBC - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $189.19 and traded as high as $190.00. Webco Industries shares last traded at $190.00, with a volume of 60 shares changing hands.

Webco Industries Stock Performance

The firm's 50 day moving average is $189.19 and its 200-day moving average is $185.44. The firm has a market cap of $133 million, a price-to-earnings ratio of 21.23 and a beta of 0.03.

Webco Industries (OTCMKTS:WEBC - Get Free Report) last released its quarterly earnings data on Wednesday, October 1st. The industrial products company reported $9.18 earnings per share (EPS) for the quarter.

Webco Industries Company Profile

(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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