Saipem (OTCMKTS:SAPMY) Stock Price Down 0% – Time to Sell?

Saipem SpA (OTCMKTS:SAPMY) was down 0% on Thursday . The company traded as low as $0.50 and last traded at $0.50. Approximately 784 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 62,520 shares. The stock had previously closed at $0.51.

Saipem Price Performance

The stock has a 50-day simple moving average of $0.48 and a 200 day simple moving average of $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.