Subsea 7 (OTCMKTS:SUBCY) Shares Pass Below Fifty Day Moving Average – Here’s Why

Shares of Subsea 7 S.A. (OTCMKTS:SUBCY) passed below its fifty day moving average during trading on Friday . The stock has a fifty 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 trading hands.

Subsea 7 Price Performance

The firm has a market cap of $4.88 billion, a price-to-earnings ratio of 80.75 and a beta of 1.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.07 and a quick ratio of 1.05. The stock’s fifty day moving average price is $16.49 and its 200-day moving average price is $16.62.

Subsea 7 (OTCMKTS:SUBCY) last released 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 net margin of 1.63% and a return on equity of 2.37%. Equities research analysts predict that Subsea 7 S.A. will post 0.86 EPS 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.