Zacks Investment Research lowered shares of SAIPEM NPV(POST CONS) (NASDAQ:SAPMF) from a buy rating to a hold rating in a research report released on Wednesday, August 9th.
According to Zacks, “Saipem S.p.A. provides drilling services as well as engineering, procurement, construction and installation of pipelines and complex projects, onshore and offshore primarily in the oil & gas market. Saipem S.p.A. is headquartered in Milan, Italy. “
Shares of SAIPEM NP (NASDAQ:SAPMF) remained flat at $3.82 during trading on Wednesday. The stock has a 50-day moving average price of $3.87 and a 200-day moving average price of $1.73. SAIPEM NP has a 12-month low of $0.40 and a 12-month high of $4.49. The firm’s market cap is $3.83 billion.
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