Shares of Saipem (OTCMKTS:SAPMF - Get Free Report) fell 1.1% on Wednesday . The stock traded as low as $2.72 and last traded at $2.72. 500 shares changed hands during trading, a decline of 40% from the average session volume of 832 shares. The stock had previously closed at $2.75.
Wall Street Analyst Weigh In
Separately, Kepler Capital Markets raised shares of Saipem from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th.
Get Our Latest Stock Analysis on Saipem
Saipem Stock Performance
The company's 50 day simple moving average is $2.34 and its two-hundred day simple moving average is $2.40.
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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