SBM Offshore (OTCMKTS:SBFFY) Trading Up 0.4% – Time to Buy?

SBM Offshore (OTCMKTS:SBFFYGet Free Report)’s stock price was up 0.4% during mid-day trading on Thursday . The company traded as high as $17.50 and last traded at $17.50. Approximately 200 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 700 shares. The stock had previously closed at $17.43.

Analyst Ratings Changes

Separately, Barclays raised SBM Offshore to a “strong-buy” rating in a research note on Monday, November 18th.

Read Our Latest Stock Analysis on SBM Offshore

SBM Offshore Stock Up 0.4 %

The company’s fifty day moving average is $17.48 and its two-hundred day moving average is $17.63.

SBM Offshore Company Profile

(Get Free Report)

SBM Offshore N.V. provides floating production solutions to the offshore energy industry worldwide. It operates in two segments, Lease and Operate, and Turnkey. It engages in the design, supply, installation, operation, lease, and life extension of floating production storage and offloading (FPSO) vessels, as well as semi-submersibles, tension leg floaters, turret mooring systems, floating offshore wind, and brownfield and offshore loading terminals.

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