Saipem (OTCMKTS:SAPMY) Stock Price Down 2.6% – Here’s What Happened

Saipem SpA (OTCMKTS:SAPMY)’s stock price dropped 2.6% during mid-day trading on Thursday . The company traded as low as $0.44 and last traded at $0.44. Approximately 7,500 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 35,259 shares. The stock had previously closed at $0.45.

Saipem Price Performance

The firm’s fifty day moving average is $0.47 and its 200 day moving average is $0.45.

About Saipem

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.