Saipem (OTCMKTS:SAPMY) Shares Up 0.8% – Still a Buy?

Saipem SpA (OTCMKTS:SAPMY) shares traded up 0.8% during mid-day trading on Monday . The company traded as high as $0.9725 and last traded at $0.9241. 10,034 shares were traded during trading, a decline of 9% from the average session volume of 11,059 shares. The stock had previously closed at $0.9166.

Saipem Trading Up 0.8%

The business’s 50-day moving average price is $0.79 and its 200-day moving average price is $0.62.

Saipem Company Profile

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.