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Webco Industries (OTCMKTS:WEBC) Stock Passes Above 200 Day Moving Average - Here's Why

Webco Industries logo with Industrials background

Webco Industries, Inc. (OTCMKTS:WEBC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $181.68 and traded as high as $192.50. Webco Industries shares last traded at $190.26, with a volume of 43 shares changing hands.

Webco Industries Stock Up 2.6 %

The company has a market capitalization of $139.04 million, a price-to-earnings ratio of 15.33 and a beta of 0.01. The company's fifty day simple moving average is $191.30 and its two-hundred day simple moving average is $182.79.

Webco Industries (OTCMKTS:WEBC - Get Free Report) last posted its earnings results on Wednesday, February 26th. The industrial products company reported ($2.91) earnings per share for the quarter. The business had revenue of $129.71 million during the quarter.

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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