Saipem (OTCMKTS:SAPMY) Stock Price Down 0.3% – Time to Sell?

Shares of Saipem SpA (OTCMKTS:SAPMY) traded down 0.3% on Tuesday . The company traded as low as $0.6980 and last traded at $0.6980. 9,010 shares traded hands during mid-day trading, an increase of 9% from the average session volume of 8,281 shares. The stock had previously closed at $0.70.

Saipem Stock Performance

The stock’s 50 day moving average is $0.53 and its 200-day moving average is $0.53.

About Saipem

Saipem SpA (OTCMKTS: SAPMY) is a leading global engineering and construction contractor specializing in the energy and infrastructure sectors. Headquartered in San Donato Milanese, Italy, the company delivers complex onshore and offshore projects for oil & gas, petrochemical, and power generation clients. Saipem’s integrated services span engineering, procurement, construction, installation and commissioning phases, allowing it to manage projects from feasibility studies through final handover.

The company’s project portfolio includes subsea pipelines, fixed and floating production platforms, LNG facilities, refineries and petrochemical plants, as well as drilling services.