Webco Industries (OTCMKTS:WEBC) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Webco Industries Inc. (OTCMKTS:WEBC) passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $301.46 and traded as high as $350.00. Webco Industries shares last traded at $350.00, with a volume of 70 shares changing hands.

Webco Industries Price Performance

The stock has a market capitalization of $243.57 million, a PE ratio of 13.30 and a beta of -0.04. The company’s 50 day moving average price is $302.57 and its two-hundred day moving average price is $292.14.

Webco Industries (OTCMKTS:WEBC) last announced its quarterly earnings data on Friday, September 25th. The industrial products company reported $7.35 earnings per share (EPS) for the quarter. The business had revenue of $189.73 million for the quarter.

About Webco Industries

Webco Industries, Inc is a U.S.-based manufacturer of specialty tubular products. The company produces welded and seamless tubing in materials such as carbon steel, stainless steel and aluminum, serving industrial customers that require application-specific tubing solutions.

Its products are used in a range of markets, including energy, heat exchangers, automotive, agriculture, appliances and general industrial applications. In addition to standard tubing, Webco provides value-added services such as custom sizing, finishing, coating and fabrication to meet customer specifications.

Founded in 1969, Webco is headquartered in Sand Springs, Oklahoma, and operates manufacturing and processing facilities in the United States.