Shares of Saipem (OTCMKTS:SAPMF - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 3,000 shares traded hands during mid-day trading, an increase of 65% from the previous session's volume of 1,819 shares.The stock last traded at $2.67 and had previously closed at $2.72.
Analysts Set New Price Targets
Separately, Kepler Capital Markets upgraded shares of Saipem from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th.
Get Our Latest Analysis on Saipem
Saipem Trading Down 1.8%
The business has a fifty day simple moving average of $2.41 and a 200 day simple moving average of $2.41.
About Saipem
(
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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.
Further Reading
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