Saipem SpA (OTCMKTS:SAPMF – Get Free Report)’s stock price dropped 6.7% on Tuesday . The stock traded as low as $2.38 and last traded at $2.38. Approximately 1,000 shares traded hands 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 Stock Down 4.2 %
The business’s fifty day moving average is $2.10 and its 200-day moving average is $1.75.
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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