SBM Offshore (OTCMKTS:SBFFF – Get Free Report) dropped 6.1% during mid-day trading on Monday . The company traded as low as $16.90 and last traded at $16.90. Approximately 550 shares changed hands during trading, a decline of 57% from the average daily volume of 1,286 shares. The stock had previously closed at $18.00.
SBM Offshore Price Performance
The company has a 50-day moving average of $18.06 and a 200-day moving average of $17.22.
About SBM Offshore
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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