Subsea 7 (OTCMKTS:SUBCY) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Subsea 7 S.A. (OTCMKTS:SUBCY)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $16.15 and traded as high as $17.35. Subsea 7 shares last traded at $17.30, with a volume of 1,368 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered Subsea 7 from an “overweight” rating to a “neutral” rating in a research report on Thursday, October 17th.

Subsea 7 Stock Performance

The company has a market capitalization of $5.19 billion, a price-to-earnings ratio of 85.80 and a beta of 1.72. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 0.16. The stock has a 50-day simple moving average of $16.17 and a 200-day simple moving average of $16.98.

Subsea 7 Company Profile

Subsea 7 SA delivers offshore projects and services for the energy industry worldwide. It provides subsea field development products and services, including project management, design and engineering, procurement, fabrication, survey, installation, and commissioning of production facilities on the seabed and the tie-back of its facilities to fixed or floating platforms or to the shore.