Saipem (OTCMKTS:SAPMF) Sets New 12-Month High – Here’s Why

Shares of Saipem SpA (OTCMKTS:SAPMFGet Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $2.84 and last traded at $2.84, with a volume of 4000 shares trading hands. The stock had previously closed at $2.45.

Saipem Price Performance

The stock’s 50-day moving average is $2.50 and its 200 day moving average is $2.37.

Saipem Company Profile

(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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