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Siemens Energy (OTCMKTS:SMNEY) Reaches New 52-Week High - Here's Why

Siemens Energy logo with Oils/Energy background
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Siemens Energy AG (OTCMKTS:SMNEY - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $67.05 and last traded at $66.91, with a volume of 157017 shares trading hands. The stock had previously closed at $64.90.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Morgan Stanley reissued an "overweight" rating on shares of Siemens Energy in a research note on Monday, February 3rd. UBS Group cut Siemens Energy from a "hold" rating to a "strong sell" rating in a report on Monday, January 20th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy".

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Siemens Energy Stock Performance

The stock has a market cap of $53.31 billion and a P/E ratio of -317.57. The firm has a 50-day moving average price of $59.17 and a 200-day moving average price of $49.17.

Siemens Energy (OTCMKTS:SMNEY - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.24 earnings per share (EPS) for the quarter. On average, research analysts predict that Siemens Energy AG will post 0.24 earnings per share for the current year.

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About Siemens Energy

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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.

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