Shares of Saipem SpA (OTCMKTS:SAPMF - Get Free Report) passed 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 trading hands.
Analysts Set New Price Targets
Separately, Kepler Capital Markets upgraded shares of Saipem from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th.
View Our Latest Research Report on Saipem
Saipem Stock Performance
The stock's 50-day moving average is $2.36 and its 200 day moving average is $2.40.
About Saipem
(
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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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