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 stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $15.37 and traded as low as $13.24. Subsea 7 shares last traded at $13.24, with a volume of 1,499 shares.

Analyst Upgrades and Downgrades

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

Subsea 7 Trading Up 1.6 %

The firm has a market cap of $4.18 billion, a P/E ratio of 69.18 and a beta of 1.38. The business's 50-day moving average is $15.20 and its two-hundred day moving average is $15.88. 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 - Get Free Report) last announced 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). Subsea 7 had a return on equity of 2.37% and a net margin of 1.63%. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.81 billion. As a group, analysts expect that Subsea 7 S.A. will post 0.86 earnings per share for the current fiscal year.

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.