SBM Offshore (OTCMKTS:SBFFY) Trading 0.4% Higher – Here’s Why

SBM Offshore (OTCMKTS:SBFFYGet Free Report) shares traded up 0.4% during trading on Thursday . The stock traded as high as $17.50 and last traded at $17.50. 200 shares changed hands during trading, a decline of 71% from the average session volume of 700 shares. The stock had previously closed at $17.43.

Analyst Upgrades and Downgrades

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

View Our Latest Research Report on SBFFY

SBM Offshore Trading Up 2.3 %

The business’s fifty day moving average is $17.47 and its 200 day moving average is $17.64.

About SBM Offshore

(Get Free Report)

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.

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