SBM Offshore (OTCMKTS:SBFFF) Stock Price Up 7.5%

SBM Offshore (OTCMKTS:SBFFFGet Free Report) shares rose 7.5% on Monday . The stock traded as high as $13.90 and last traded at $13.90. Approximately 2,466 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 2,616 shares. The stock had previously closed at $12.92.

SBM Offshore Price Performance

The business’s 50-day moving average price is $13.20 and its 200-day moving average price is $14.06.

About SBM Offshore

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SBM Offshore N.V. provides floating production solutions to the offshore energy industry worldwide. The company 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 platforms, liquefied natural gas (LNG) FPSOs, turret mooring systems, floating offshore wind, and brownfield and offshore loading terminals.

Further Reading

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