Saipem SpA (OTCMKTS:SAPMF – Get Free Report) shares dropped 7.1% during mid-day trading on Monday . The stock traded as low as $2.47 and last traded at $2.47. Approximately 486 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 1,829 shares. The stock had previously closed at $2.66.
Saipem Stock Performance
The stock’s 50-day simple moving average is $2.62 and its 200 day simple moving average is $2.40.
Saipem Company Profile
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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