Siemens Energy (OTCMKTS:SMNEY) Hits New 1-Year High – What’s Next?

Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $136.52 and last traded at $136.28, with a volume of 37424 shares traded. The stock had previously closed at $133.81.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on SMNEY shares. Zacks Research raised shares of Siemens Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, September 1st. Citigroup reissued a “neutral” rating on shares of Siemens Energy in a report on Thursday, October 2nd. Royal Bank Of Canada restated an “outperform” rating on shares of Siemens Energy in a research note on Friday, November 21st. Morgan Stanley reaffirmed an “overweight” rating on shares of Siemens Energy in a research report on Monday, November 3rd. Finally, Hsbc Global Res raised shares of Siemens Energy to a “strong-buy” rating in a research report on Friday, September 5th. Three 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. Based on data from MarketBeat.com, Siemens Energy presently has an average rating of “Moderate Buy”.

Siemens Energy Trading Up 0.1%

The stock has a 50-day moving average of $124.53 and a 200 day moving average of $113.10. The stock has a market cap of $109.23 billion, a PE ratio of 77.20 and a beta of 1.94. The company has a quick ratio of 0.62, a current ratio of 0.90 and a debt-to-equity ratio of 0.21.

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.