Saipem (OTCMKTS:SAPMF) Shares Gap Down – Here’s Why

by · The Markets Daily

Saipem (OTCMKTS:SAPMF – Get Free Report)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $2.85, but opened at $2.71. Saipem shares last traded at $2.71, with a volume of 201 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Citigroup raised shares of Saipem to a “strong-buy” rating in a research report on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

View Our Latest Analysis on Saipem

Saipem Trading Down 4.9%

The stock has a fifty day moving average of $2.70 and a two-hundred day moving average of $2.73.

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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