Shares of Saipem (OTCMKTS:SAPMF – Get Free Report) gapped down before the market opened on Friday. The stock had previously closed at $5.0025, but opened at $4.55. Saipem shares last traded at $4.55, with a volume of 300 shares.
Saipem Price Performance
The company’s 50-day moving average price is $4.98 and its two-hundred day moving average price is $4.71.
About Saipem
Saipem S.p.A. is an Italian engineering and construction company that provides services for the energy and infrastructure industries. Its activities include project management, engineering, procurement, construction, installation and maintenance for complex onshore and offshore developments.
The company operates across the energy value chain, supporting offshore and onshore oil and gas projects, drilling activities, subsea construction and pipeline infrastructure. Saipem also provides services for liquefied natural gas and other energy infrastructure projects, while expanding its capabilities in offshore wind, renewable energy and lower-carbon solutions.
Founded in 1957, Saipem developed from the construction and drilling activities associated with Italy’s energy sector and has grown into an international contractor.
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