SBM Offshore (OTCMKTS:SBFFY – Get Free Report)’s share price shot up 3.5% during mid-day trading on Friday . The stock traded as high as $19.00 and last traded at $19.00. 1,000 shares traded hands during mid-day trading, an increase of 42% from the average session volume of 704 shares. The stock had previously closed at $18.36.
SBM Offshore Price Performance
The firm’s 50-day simple moving average is $18.16 and its 200-day simple moving average is $16.74.
SBM Offshore Company Profile
SBM Offshore N.V. provides floating production solutions to the offshore energy industry worldwide. It operates in two segments, Lease and Operate, and Turnkey. It engages in the design, supply, installation, operation, lease, and life extension of floating production storage and offloading (FPSO) vessels, as well as semi-submersibles, tension leg floaters, turret mooring systems, floating offshore wind, and brownfield and offshore loading terminals.
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