Subsea 7 (OTCMKTS:SUBCY) Sees Unusually-High Trading Volume – Here’s What Happened

Subsea 7 SA (OTCMKTS:SUBCY) shares saw an uptick in trading volume on Monday . 12,242 shares were traded during mid-day trading, a decline of 17% from the previous session’s volume of 14,753 shares.The stock last traded at $27.0250 and had previously closed at $27.46.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Zacks Research cut Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. UBS Group reissued a “neutral” rating on shares of Subsea 7 in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Subsea 7 Trading Up 2.3%

The firm has a market cap of $8.15 billion, a price-to-earnings ratio of 28.73 and a beta of 1.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.02. The company has a 50 day moving average price of $23.28 and a 200 day moving average price of $20.93.

Subsea 7 Company Profile

Subsea 7 SA is a global engineering, construction and services contractor serving the offshore energy industry. The company specializes in complex subsea infrastructure projects, offering pipeline and riser installation, umbilical and flowline deployment, and subsea tie-ins. Its fleet of specialized vessels, diving systems and remotely operated vehicles (ROVs) supports installation, inspection, maintenance and repair activities across the life cycle of offshore oil, gas and renewable energy fields.

With roots tracing back to the merger of Subsea 7 Inc and Acergy SA in 2011, Subsea 7 has built a broad international footprint.