Siemens Energy (OTCMKTS:SMNEY) Hits New 12-Month High – Here’s What Happened

Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY)’s stock price reached a new 52-week high on Monday . The stock traded as high as $132.85 and last traded at $132.03, with a volume of 56722 shares. The stock had previously closed at $128.30.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SMNEY shares. Berenberg Bank raised Siemens Energy to a “strong-buy” rating in a report on Thursday, October 2nd. Royal Bank Of Canada began coverage on shares of Siemens Energy in a research report on Thursday, October 9th. They issued a “moderate buy” rating for the company. Citigroup reaffirmed a “neutral” rating on shares of Siemens Energy in a research report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Siemens Energy in a research note on Friday. Finally, Zacks Research upgraded shares of Siemens Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 1st. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Siemens Energy Stock Performance

The company has a current ratio of 0.90, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21. The company has a market cap of $99.33 billion, a P/E ratio of 70.21, a price-to-earnings-growth ratio of 0.67 and a beta of 1.93. The company has a 50 day moving average price of $120.07 and a 200-day moving average price of $109.35.

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.