Saipem (OTCMKTS:SAPMF – Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $5.0188 and last traded at $5.0188, with a volume of 500 shares trading hands. The stock had previously closed at $4.70.
Saipem Stock Up 6.2%
The stock’s fifty day moving average price is $4.25 and its 200-day moving average price is $3.39.
About Saipem
Saipem is a leading global engineering and construction company specializing in upstream, midstream and downstream projects for the oil and gas industry. The company offers a full suite of services including engineering, procurement, construction and installation (EPCI) for onshore and offshore facilities, as well as specialized drilling services. Its expertise spans the development of floating production units, subsea pipelines, and complex petrochemical plants, catering to major energy producers and national oil companies around the world.
In addition to its core oil and gas portfolio, Saipem has expanded into renewable energy and infrastructure markets, leveraging its engineering capabilities in areas such as offshore wind, hydrogen, and carbon capture and storage.
Featured Articles
Receive News & Ratings for Saipem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saipem and related companies with MarketBeat.com's FREE daily email newsletter.
