Saipem SpA (OTCMKTS:SAPMF – Get Free Report) was down 6.7% on Tuesday . The company traded as low as $2.38 and last traded at $2.38. Approximately 1,000 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 6,795 shares. The stock had previously closed at $2.55.
Saipem Price Performance
The stock’s 50 day moving average is $2.06 and its two-hundred day moving average is $1.74.
About Saipem
Saipem SpA provides energy and infrastructure solutions worldwide. The company operates through divisions Offshore Engineering & Construction (E&C), Onshore Engineering & Construction, and Offshore Drilling. 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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