SMA Solar Technology (ETR:S92) Shares Up 5.2% – Should You Buy?

Shares of SMA Solar Technology AG (ETR:S92) shot up 5.2% during trading on Wednesday . The stock traded as high as €34.90 and last traded at €34.10. 167,829 shares traded hands during mid-day trading, an increase of 52% from the average session volume of 110,058 shares. The stock had previously closed at €32.42.

SMA Solar Technology Trading Up 5.2%

The company has a market capitalization of $1.24 billion, a PE ratio of 15.54, a PEG ratio of 13.06 and a beta of 1.36. The firm’s 50-day simple moving average is €35.13 and its 200-day simple moving average is €27.85.

About SMA Solar Technology

SMA Solar Technology AG, together with its subsidiaries, engages in development, production, and sale of PV and battery inverters, transformers, chokes, monitoring systems for PV systems, and charging solutions for electric vehicles in Germany and internationally. It operates through Home Solutions, Commercial and Industrial Solutions, and Large Scale and Project Solutions segments. The company offers string and central solar inverters for various module types; battery inverters for high voltage batteries, on- and off- grid applications, commercial and industrial storage solutions, large scale storage solutions, and accessories; medium-voltage technology products; and DC-DC converters.