Shares of MRC Global Inc. (NYSE:MRC) traded today at $12.49, eclipsing its 52-week high. This new high was reached on approximately average trading volume as 759,000 shares traded hands, while the average 30-day volume is approximately 1.1 million shares.
Based on a current price of $12.48, MRC Global Inc. is currently 6.7% above its average consensus analyst price target of $11.64.
MRC Global Inc distributes pipes, valves, fittings, and related products and services to the energy industry. Products are often used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions. In these conditions and other environments, MRC's valve products give the customer the ability to control the direction, velocity, and pressure of fluids and gases within transmission networks. In addition, other products can be used to regulate flow and on/off service. MRC's other products, which include pipe, steel fitting, and tubular goods, are used across all of the industries in which the company operates. Specialized services are delivered alongside this array of products to enhance the client relationship.
MRC Global Inc. share prices have moved between a 52-week high of $12.49 and a 52-week low of $6.38 and are now trading 96% above that low price at $12.48 per share.
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