Saipem (OTCMKTS:SAPMF - Get Free Report) saw strong trading volume on Wednesday . 2,000 shares were traded during mid-day trading, a decline of 7% from the previous session's volume of 2,158 shares.The stock last traded at $2.94 and had previously closed at $2.91.
Analyst Ratings Changes
Separately, Royal Bank Of Canada downgraded shares of Saipem from a "moderate buy" rating to a "hold" rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy".
Get Our Latest Analysis on Saipem
Saipem Price Performance
The stock has a 50 day simple moving average of $2.76 and a 200-day simple moving average of $2.52. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.09 and a current ratio of 1.13.
Saipem Company Profile
(
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Saipem SpA provides energy and infrastructure solutions worldwide. The company operates through Asset Based Services, Offshore Drilling, and Energy Carriers segments. It offers development of subsea fields and pipelaying; installation and lifting of offshore structures; and engineering, implementation, installation, maintenance, modification, and decommissioning activities.
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