Saipem (OTCMKTS:SAPMF) Hits New 1-Year Low – Time to Sell?

Shares of Saipem SpA (OTCMKTS:SAPMFGet Free Report) reached a new 52-week low on Thursday . The company traded as low as $1.81 and last traded at $1.81, with a volume of 100 shares traded. The stock had previously closed at $1.87.

Analyst Ratings Changes

Separately, Kepler Capital Markets upgraded Saipem from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th.

Check Out Our Latest Research Report on Saipem

Saipem Price Performance

The firm has a 50-day moving average of $2.27 and a 200-day moving average of $2.39.

About Saipem

(Get Free Report)

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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