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Saipem SpA (OTCMKTS:SAPMY – Get Free Report) shares passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $0.92 and traded as low as $0.8950. Saipem shares last traded at $0.8950, with a volume of 10,164 shares changing hands.
Saipem Stock Performance
The stock’s 50-day moving average is $0.97 and its 200-day moving average is $0.92.
About Saipem
Saipem S.p.A. is an Italian engineering and construction company that provides services to the energy industry. Its activities cover the design, construction, installation and maintenance of complex infrastructure for offshore and onshore oil and gas projects, as well as selected projects related to energy transition.
The company’s capabilities include offshore engineering and construction, subsea services, pipeline installation, drilling, fabrication and large-scale project management.
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