Subsea 7 (OTCMKTS:SUBCY) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Subsea 7 S.A. (OTCMKTS:SUBCY)’s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $16.31 and traded as low as $16.11. Subsea 7 shares last traded at $16.11, with a volume of 631 shares trading hands.

Wall Street Analyst Weigh In

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

Subsea 7 Stock Performance

The company has a market cap of $4.87 billion, a PE ratio of 80.55 and a beta of 1.72. The firm’s fifty day moving average is $16.31 and its 200 day moving average is $16.84. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 0.16.

Subsea 7 (OTCMKTS:SUBCY) last issued its quarterly earnings results on Thursday, November 21st. The energy company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. Subsea 7 had a net margin of 1.63% and a return on equity of 2.37%. As a group, research analysts predict that Subsea 7 S.A. will post 0.86 EPS for the current fiscal year.

About Subsea 7

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.