Shares of Sembcorp Marine Ltd (OTCMKTS:SMBMF – Get Rating) shot up 13.2% during trading on Friday . The stock traded as high as $0.11 and last traded at $0.11. 10,700 shares traded hands during mid-day trading, an increase of 111% from the average session volume of 5,075 shares. The stock had previously closed at $0.10.
Wall Street Analysts Forecast Growth
Separately, HSBC upgraded shares of Sembcorp Marine from a "hold" rating to a "buy" rating in a report on Monday, November 28th.Get Sembcorp Marine alerts:
Sembcorp Marine Stock Up 13.2 %
The firm has a fifty day moving average price of $0.10 and a 200-day moving average price of $0.09.
Sembcorp Marine Company Profile(Get Rating)
Sembcorp Marine Ltd, an investment holding company, provides offshore and marine engineering solutions worldwide. The company engages in the turnkey design, engineering, procurement, construction, and commissioning of offshore newbuilding and conversions, FSOs, FPSOs, FDPSOs, FPUs, MOPUs, gas terminals, FLNGs, FSRUs, jack-ups, semi-submersibles, drill ships, SSP solutions, TLPs, and SPARs.
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