Trico Marine Services Inc. (TRMA) To Search For Support Near $3.50

Trico Marine Services Inc. (NASDAQ: TRMA) slipped by 15% to $4.51 by mid-day trading after opening on an even weaker note. Trico Marine Services Inc. (TRMA), the oilfield service provider fell in the markets after it confirmed that its Q4 earnings were hurt by weaker demand in the North Sea and low utilization of vessels.

Trico Marine Services Inc. (TRMA) is likely to search for a support around $3.50, from where its 20 day and 50 day moving average started picking up in July this year.