SBM Offshore (OTCMKTS:SBFFF – Get Rating) shares dropped 6.7% during mid-day trading on Thursday . The stock traded as low as $13.60 and last traded at $13.60. Approximately 246 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 1,250 shares. The stock had previously closed at $14.58.
SBM Offshore Price Performance
The company’s 50-day moving average is $14.45 and its 200-day moving average is $14.66.
SBM Offshore Company Profile
SBM Offshore NV is engaged in the provision of floating production solutions to the offshore energy industry. It operates through the Lease & Operate and Turnkey segments. The Lease & Operate segment is focused on all earned day-rates on long-term operating lease and operate contracts. The Turnkey segment consists of revenues from Turnkey supply contracts and after-sales services, which includes large production systems, large mooring systems, deep water export systems, fluid transfer systems, tanker loading and discharge terminals, design services and supply of special components, and proprietary designs and equipments.
Further Reading
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