Subsea 7 (OTCMKTS:SUBCY) Share Price Crosses Below 50-Day Moving Average - Should You Sell?

Subsea 7 S.A. (OTCMKTS:SUBCY - Get Free Report)'s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $16.22 and traded as low as $15.86. Subsea 7 shares last traded at $16.05, with a volume of 654 shares traded.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded shares of Subsea 7 from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th.

Subsea 7 Stock Performance

The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 79.55 and a beta of 1.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.07 and a quick ratio of 1.05. The stock's 50-day moving average is $16.17 and its 200-day moving average is $16.24.

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The energy company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.15). The business had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.81 billion. Subsea 7 had a return on equity of 2.37% and a net margin of 1.63%. Analysts anticipate 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.