Siemens Energy (OTCMKTS:SMNEY) Releases Quarterly Earnings Results

Siemens Energy (OTCMKTS:SMNEY) released its earnings results on Wednesday. The company reported $0.24 EPS for the quarter, Zacks reports.

Siemens Energy Stock Performance

Siemens Energy stock traded up $3.26 during trading hours on Thursday, hitting $62.65. The company had a trading volume of 548,722 shares, compared to its average volume of 386,757. The firm has a market cap of $50.08 billion and a P/E ratio of 42.62. The company has a 50-day moving average price of $54.90 and a two-hundred day moving average price of $43.13. Siemens Energy has a 1 year low of $14.09 and a 1 year high of $63.46.

Wall Street Analyst Weigh In

Separately, UBS Group cut Siemens Energy from a “hold” rating to a “strong sell” rating in a report on Monday, January 20th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Siemens Energy has an average rating of “Hold”.

Siemens Energy Company Profile

Siemens Energy AG operates as an energy technology company worldwide. It operates through Gas Services, Grid Technologies, Transformation of Industry, and Siemens Gamesa segments. The company provides gas and steam turbines, generators, and heat pumps, as well as performance enhancement, maintenance, customer training, and professional consulting services for central and distributed power generation; and high voltage direct current transmission systems, offshore windfarm grid connections, transformers, flexible alternating current transmission systems, high voltage substations, air and gas-insulated switchgears, digital grid solutions and components, and storage solutions.