Webco Industries (OTCMKTS:WEBC) Stock Price Down 5.8% – Here’s Why

Webco Industries, Inc. (OTCMKTS:WEBC) traded down 5.8% during trading on Thursday . The stock traded as low as $162.00 and last traded at $162.00. 60 shares were traded during mid-day trading, a decline of 78% from the average session volume of 268 shares. The stock had previously closed at $172.00.

Webco Industries Stock Down 5.8 %

The company has a market capitalization of $138.67 million, a price-to-earnings ratio of 12.74 and a beta of 0.26. The stock’s 50-day simple moving average is $175.26 and its two-hundred day simple moving average is $170.85.

Webco Industries (OTCMKTS:WEBC) last released its earnings results on Monday, September 30th. The industrial products company reported $4.94 earnings per share (EPS) for the quarter. The business had revenue of $151.40 million for the quarter.

Webco Industries Company Profile

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.