SAIPEM S P A/ADR (OTCMKTS:SAPMY) shares dropped 2.5% during mid-day trading on Wednesday . The company traded as low as $9.04 and last traded at $9.14, approximately 64,157 shares changed hands during trading. An increase of 687% from the average daily volume of 8,148 shares. The stock had previously closed at $9.37.
SAPMY has been the topic of a number of research reports. Goldman Sachs Group cut SAIPEM S P A/ADR from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Jefferies Financial Group upgraded SAIPEM S P A/ADR from a “hold” rating to a “buy” rating in a research report on Friday, August 9th.
The business has a 50-day moving average price of $9.36 and a 200-day moving average price of $9.77.
Saipem S.p.A. engages in the engineering, drilling, and construction of projects in the energy and infrastructure sectors worldwide. The company operates through five divisions: Offshore Engineering & Construction (E&C), Onshore E&C, Offshore Drilling, Onshore Drilling, and Floaters segments.
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