Saipem (OTCMKTS:SAPMY) Shares Up 7.3% – Time to Buy?

Shares of Saipem SpA (OTCMKTS:SAPMYGet Free Report) traded up 7.3% during mid-day trading on Monday . The company traded as high as $0.5056 and last traded at $0.5056. 127 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 28,035 shares. The stock had previously closed at $0.4710.

Saipem Price Performance

The business’s 50-day simple moving average is $0.51 and its 200-day simple moving average is $0.52.

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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