Webco Industries (OTCMKTS:WEBC) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Webco Industries, Inc. (OTCMKTS:WEBCGet Free Report)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $170.24 and traded as low as $162.00. Webco Industries shares last traded at $182.00, with a volume of 523 shares trading hands.

Webco Industries Stock Performance

The stock has a market cap of $129.58 million, a price-to-earnings ratio of 14.31 and a beta of 0.29. The business’s 50 day moving average is $174.12 and its 200-day moving average is $170.24.

About Webco Industries

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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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