MRC Global (NYSE:MRC) Shares Down 7.4%

Shares of MRC Global Inc. (NYSE:MRC) dropped 7.4% on Thursday . The company traded as low as $7.45 and last traded at $7.50. Approximately 4,941 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 468,913 shares. The stock had previously closed at $8.10.

Separately, Capital One Financial restated an “overweight” rating on shares of MRC Global in a research note on Friday, July 30th.

The company has a quick ratio of 1.02, a current ratio of 2.06 and a debt-to-equity ratio of 0.85. The stock has a 50 day simple moving average of $8.35 and a two-hundred day simple moving average of $9.35. The stock has a market capitalization of $610.89 million, a P/E ratio of -24.63 and a beta of 2.54.

MRC Global (NYSE:MRC) last issued its earnings results on Thursday, July 29th. The oil and gas company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. MRC Global had a positive return on equity of 1.73% and a negative net margin of 0.28%. Sell-side analysts predict that MRC Global Inc. will post 0.15 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Swiss National Bank boosted its stake in shares of MRC Global by 1.1% during the 1st quarter. Swiss National Bank now owns 187,849 shares of the oil and gas company’s stock worth $1,696,000 after acquiring an additional 2,000 shares during the period. American Century Companies Inc. lifted its holdings in MRC Global by 9.4% during the 2nd quarter. American Century Companies Inc. now owns 23,679 shares of the oil and gas company’s stock worth $223,000 after purchasing an additional 2,038 shares during the last quarter. Quadrature Capital Ltd lifted its holdings in MRC Global by 18.8% during the 1st quarter. Quadrature Capital Ltd now owns 13,295 shares of the oil and gas company’s stock worth $120,000 after purchasing an additional 2,108 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in MRC Global during the 2nd quarter worth approximately $26,000. Finally, South Dakota Investment Council lifted its holdings in MRC Global by 0.3% during the 1st quarter. South Dakota Investment Council now owns 1,096,537 shares of the oil and gas company’s stock worth $9,902,000 after purchasing an additional 3,049 shares during the last quarter. Institutional investors own 94.61% of the company’s stock.

MRC Global Company Profile (NYSE:MRC)

MRC Global, Inc is a holding company, which engages in the distribution of pipes, valves, fittings, and other infrastructure products and services to the energy industry. Its products include Carbon Steel Pipe, Carbon Steel Fittings & Flanges, Valves, Valve Automation, Stainless & Alloy Pipe, Mill Supplies & Safety and ValveWatch.

Recommended Story: What is included in the gross domestic product?

Receive News & Ratings for MRC Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MRC Global and related companies with MarketBeat.com's FREE daily email newsletter.