Federal Screw Works (OTCMKTS:FSCR) Shares Down 6.1% – Should You Sell?

Federal Screw Works (OTCMKTS:FSCR) shares dropped 6.1% during mid-day trading on Thursday. The stock traded as low as $6.20 and last traded at $6.20. Approximately 400 shares changed hands during trading, an increase of 517% from the average daily volume of 65 shares. The stock had previously closed at $6.60.

Federal Screw Works Stock Down 6.1%

The company has a 50-day simple moving average of $6.74 and a two-hundred day simple moving average of $7.94. The stock has a market cap of $8.56 million, a P/E ratio of -2.67 and a beta of 0.96.

Federal Screw Works (OTCMKTS:FSCR) last released its quarterly earnings data on Friday, September 11th. The company reported ($2.44) earnings per share for the quarter. The firm had revenue of $28.69 million during the quarter.

About Federal Screw Works

Federal Screw Works is a U.S. manufacturer of engineered metal fasteners and other cold-formed components. The company has historically produced screws, bolts, rivets, studs, pins and other specialty parts used in automotive, industrial and general manufacturing applications.

Its manufacturing capabilities have included cold heading, thread rolling and related metal-forming processes designed to produce high-volume, precision components. Federal Screw Works has served original equipment manufacturers and industrial customers requiring standardized and custom fasteners.

The company is based in Michigan and has operated as a publicly traded business under the Federal Screw Works name.