Saipem (OTCMKTS:SAPMF - Get Free Report) saw an uptick in trading volume on Friday . 5,000 shares traded hands during mid-day trading, an increase of 133% from the previous session's volume of 2,150 shares.The stock last traded at $2.81 and had previously closed at $2.74.
Analysts Set New Price Targets
Separately, Royal Bank Of Canada lowered 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 issued a Hold rating to the company. Based on data from MarketBeat.com, Saipem currently has an average rating of "Buy".
Check Out Our Latest Stock Analysis on Saipem
Saipem Stock Up 2.2%
The stock has a 50-day simple moving average of $2.74 and a two-hundred day simple moving average of $2.48. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.13 and a quick ratio of 1.09.
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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