Siemens Energy (OTCMKTS:SMNEY) Hits New 12-Month High – Should You Buy?

Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $154.82 and last traded at $154.82, with a volume of 18804 shares changing hands. The stock had previously closed at $147.50.

Wall Street Analyst Weigh In

SMNEY has been the topic of several research reports. Sanford C. Bernstein assumed coverage on Siemens Energy in a research note on Wednesday, January 7th. They set an “outperform” rating on the stock. Citigroup reissued a “neutral” rating on shares of Siemens Energy in a research report on Thursday, October 2nd. Rothschild Redb downgraded shares of Siemens Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 15th. Royal Bank Of Canada reissued an “outperform” rating on shares of Siemens Energy in a report on Friday, November 21st. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Siemens Energy in a report on Monday, December 8th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Siemens Energy has a consensus rating of “Moderate Buy”.

Siemens Energy Stock Performance

The firm has a market cap of $123.89 billion, a price-to-earnings ratio of 87.57 and a beta of 1.97. The stock’s fifty day moving average is $137.07 and its two-hundred day moving average is $122.01. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.90.

Siemens Energy Company Profile

Siemens Energy AG is a global energy technology company headquartered in Germany that provides equipment, systems and services across the power generation and transmission value chains. Established as an independent public company through a spin-off of Siemens AG’s energy businesses in 2020, Siemens Energy draws on a long industrial heritage to design, manufacture and service technologies used by utilities, industrial customers and the oil and gas sector.

The company’s product and service portfolio includes gas and steam turbines, generators, transformers and high-voltage transmission equipment as well as grid connection and power-conversion systems.