Subsea 7 (OTCMKTS:SUBCY) Shares Cross Above 50 Day Moving Average – Time to Sell?

Subsea 7 S.A. (OTCMKTS:SUBCY) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $16.15 and traded as high as $17.35. Subsea 7 shares last traded at $17.30, with a volume of 1,368 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. downgraded shares of Subsea 7 from an “overweight” rating to a “neutral” rating in a report on Thursday, October 17th.

Subsea 7 Stock Performance

The company’s 50 day simple moving average is $16.15 and its 200 day simple moving average is $17.01. 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 stock has a market cap of $5.23 billion, a PE ratio of 86.50 and a beta of 1.72.

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.