Subsea 7 (OTCMKTS:SUBCY) Stock Price Passes Below 50 Day Moving Average – Here’s What Happened

Subsea 7 S.A. (OTCMKTS:SUBCY)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $16.49 and traded as low as $16.14. Subsea 7 shares last traded at $16.15, with a volume of 2,484 shares changing hands.

Subsea 7 Price Performance

The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $16.49 and a 200-day simple moving average of $16.63. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of 80.75 and a beta of 1.71.

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