MRC Global Inc. s trend and data analysis indicates that the stock price has dropped -14.81% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 9.92% . Looking at the past 52 week period, the stock price is up at 31.25% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of MRC Global Inc. has a positive value of 47 compared to overall market.MRC Global Inc. is having a Relative Strength Index of 37.75 which indicates the stock is not yet over sold or over bought based on the technical indicators.
MRC Global Inc. (NYSE:MRC) has tumbled 0.33% during the past week and has dropped 11.9% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.57%. MRC Global Inc. (NYSE:MRC) has underperformed the index by 12.91% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
For the current week, the company shares have a recommendation consensus of Buy. MRC Global Inc. (NYSE:MRC) : On Friday heightened volatility was witnessed in MRC Global Inc. (NYSE:MRC) which led to swings in the share price. The stock opened for trading at $18.16 and hit $18.31 on the upside , eventually ending the session at $18.06, with a gain of 0.11% or 0.02 points. The heightened volatility saw the trading volume jump to 1,287,653 shares. The 52-week high of the share price is $22.52 and the company has a market cap of $1,713 million. The 52-week low of the share price is at $11.5 .
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Upgraded by Seaport Global Securities on Feb 21, 2017 to Buy, Raises Price Target to $ 25 from a previous price target of $14 .
Company has reported several Insider transactions to the SEC, on Feb 21, 2017, Daniel J Churay (EVP-Corp Affrs, GC & Corp Sec.) sold 3,080 shares at 21.30 per share price.On Dec 21, 2016, H B Iii Wehrle (director) sold 50,000 shares at 21.19 per share price.On Aug 24, 2016, Gerard Pieter Krans (director) sold 23,000 shares at 15.33 per share price.
MRC Global Inc Last issued its quarterly earnings results on Feb 16, 2017. The company reported $-0.18 EPS for the quarter, missing the analyst consensus estimate by $ -0.07. Analyst had a consensus of $-0.11. The company had revenue of $719.00 million for the quarter, compared to analysts expectations of $751.73 million. The companys revenue was down -25.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.12 EPS.
MRC Global Inc. operates as a distributor of pipe, valve, and fittings and related products and services to the energy industry. The Company serves various industries such as chemical and petrochemical, food processing, gas distribution, gas transmission, oil and gas exploration and production, pharmaceutical, pulp and paper, refining, steel manufacturing, and power generation. The products offered by MRC include Valves and Specialty Products, Line Pipe, OCTG, Carbon Steel Fittings and Flanges and Stainless Steel and Alloy Pipe and Fittings and others. MRC Global Inc. is headquartered in Houston, Texas.