Subsea 7 (OTCMKTS:SUBCY) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

Shares of Subsea 7 S.A. (OTCMKTS:SUBCY) passed 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 stock has a 50 day moving average of $16.49 and a two-hundred day moving average of $16.63. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.05 and a current ratio of 1.07. The firm has a market capitalization of $4.88 billion, a P/E ratio of 80.75 and a beta of 1.71.

Subsea 7 (OTCMKTS:SUBCY) last released its quarterly earnings results on Thursday, November 21st. The energy company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. Subsea 7 had a net margin of 1.63% and a return on equity of 2.37%. Sell-side analysts predict that Subsea 7 S.A. will post 0.86 earnings per share for the current fiscal 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.