SBM Offshore (OTCMKTS:SBFFY) Shares Up 4.1% – Time to Buy?

SBM Offshore (OTCMKTS:SBFFY)’s stock price traded up 4.1% during trading on Friday . The company traded as high as $17.60 and last traded at $17.60. 266 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 725 shares. The stock had previously closed at $16.90.

Wall Street Analyst Weigh In

Separately, Barclays upgraded shares of SBM Offshore to a “strong-buy” rating in a research note on Monday, November 18th.

SBM Offshore Trading Up 4.1 %

The business has a 50-day moving average of $18.25 and a 200 day moving average of $17.22.

SBM Offshore Company Profile

SBM Offshore N.V. provides floating production solutions to the offshore energy industry worldwide. It operates in two segments, Lease and Operate, and Turnkey. It engages in the design, supply, installation, operation, lease, and life extension of floating production storage and offloading (FPSO) vessels, as well as semi-submersibles, tension leg floaters, turret mooring systems, floating offshore wind, and brownfield and offshore loading terminals.