Siemens (OTCMKTS:SIEGY) Sets New 52-Week High – Time to Buy?

Siemens AG (OTCMKTS:SIEGY)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $145.88 and last traded at $145.60, with a volume of 18442 shares trading hands. The stock had previously closed at $144.28.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SIEGY. Morgan Stanley downgraded shares of Siemens from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 14th. Sanford C. Bernstein lowered Siemens from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 2nd. Zacks Research downgraded Siemens from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. Erste Group Bank upgraded Siemens to a “hold” rating in a research report on Friday, October 3rd. Finally, Santander cut Siemens to a “neutral” rating in a research report on Wednesday, September 3rd. Eight investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Siemens Stock Up 1.2%

The firm has a fifty day simple moving average of $138.39 and a 200 day simple moving average of $131.33. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.24 and a current ratio of 1.50. The company has a market cap of $233.62 billion, a PE ratio of 21.63, a PEG ratio of 3.04 and a beta of 1.16.

Siemens Company Profile

Siemens Aktiengesellschaft, a technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia. It operates through Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services (SFS) segments.