Snam (OTCMKTS:SNMRY) Stock Price Down 1.7% – Should You Sell?

Shares of Snam S.p.A. (OTCMKTS:SNMRY) fell 1.7% during trading on Wednesday . The company traded as low as $13.09 and last traded at $13.1240. 57,747 shares were traded during trading, an increase of 26% from the average session volume of 45,988 shares. The stock had previously closed at $13.35.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SNMRY shares. Royal Bank Of Canada lowered shares of Snam from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Sanford C. Bernstein cut shares of Snam from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

Snam Trading Down 1.7%

The stock’s fifty day moving average price is $13.21 and its 200 day moving average price is $12.45.

About Snam

Snam S.p.A. is an Italian natural gas infrastructure company specializing in the transportation, storage and regasification of natural gas. Headquartered in San Donato Milanese, near Milan, Snam operates one of the largest gas pipeline networks in Europe, overseeing both high-pressure transmission lines and interconnection points that link the Italian system with broader continental markets. The company’s core business activities encompass the development, maintenance and operation of gas transport facilities, as well as the balancing and dispatching services that ensure a reliable energy supply.

Founded in 1941 as the gas transportation arm of ENI, Società Nazionale Metanodotti was reorganized under its current name and structure in 2001, when it became an independent concessionaire and a publicly listed entity on the Milan Stock Exchange.