Saipem SpA (OTCMKTS:SAPMF – Get Free Report) 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 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 research report on Friday, February 28th.
Read Our Latest Research Report 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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