Saipem (OTCMKTS:SAPMF - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $2.66, but opened at $2.74. Saipem shares last traded at $2.74, with a volume of 10,740 shares traded.
Wall Street Analysts Forecast Growth
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 investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Saipem currently has a consensus rating of "Buy".
Read Our Latest Analysis on SAPMF
Saipem Trading Up 3.2%
The firm's fifty day moving average price is $2.74 and its 200 day moving average price is $2.47. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 0.69.
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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