Saipem SpA (OTCMKTS:SAPMF – Get Free Report) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $2.37 and traded as low as $2.37. Saipem shares last traded at $2.37, with a volume of 400 shares traded.
Wall Street Analyst Weigh In
Separately, Kepler Capital Markets raised Saipem from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th.
Check Out Our Latest Analysis on Saipem
Saipem Trading Up 9.7 %
About Saipem
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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