SBM Offshore (OTCMKTS:SBFFF) Trading Down 3.1% – Here’s Why

SBM Offshore (OTCMKTS:SBFFFGet Free Report)’s stock price traded down 3.1% during trading on Tuesday . The company traded as low as $17.75 and last traded at $17.75. 250 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 1,413 shares. The stock had previously closed at $18.32.

SBM Offshore Price Performance

The stock’s 50 day simple moving average is $18.33 and its 200-day simple moving average is $16.64.

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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