Webco Industries (OTCMKTS:WEBC) Shares Down 5.8% – Should You Sell?

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

Webco Industries Trading Down 5.8 %

The firm has a market cap of $138.67 million, a PE ratio of 12.74 and a beta of 0.26. The stock has a 50 day simple moving average of $174.82 and a 200-day simple moving average of $170.66.

Webco Industries (OTCMKTS:WEBC) last released its quarterly earnings results on Monday, September 30th. The industrial products company reported $4.94 earnings per share for the quarter. The company 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.