Webco Industries (OTCMKTS:WEBC) Share Price Passes Above 50-Day Moving Average – Here’s Why

Webco Industries Inc. (OTCMKTS:WEBCGet Free Report) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $297.14 and traded as high as $315.00. Webco Industries shares last traded at $281.02, with a volume of 426 shares.

Webco Industries Price Performance

The firm has a market capitalization of $224.83 million, a PE ratio of 11.49 and a beta of -0.03. The company’s fifty day simple moving average is $296.18 and its 200 day simple moving average is $283.76.

Webco Industries Company Profile

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Webco Industries, Inc is a U.S.-based manufacturer of tubular products for industrial and commercial applications. The company produces carbon steel, stainless steel and nickel-alloy tubing, with capabilities that include welded, seamless and drawn-over-mandrel products.

Its product offerings are used in heat exchangers, boilers, hydraulic systems, automotive equipment, energy applications and other specialized industrial systems. Webco also provides value-added services such as tubing fabrication, finishing, testing and custom processing to meet customer-specific specifications.

Founded in 1969, Webco Industries is headquartered in Sand Springs, Oklahoma, and operates manufacturing and service facilities in the United States.

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