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Siemens Energy (OTCMKTS:SMNEY) Hits New 1-Year High - Should You Buy?

Siemens Energy logo with Oils/Energy background

Siemens Energy AG (OTCMKTS:SMNEY - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $65.35 and last traded at $64.92, with a volume of 103339 shares trading hands. The stock had previously closed at $62.57.

Analyst Upgrades and Downgrades

Separately, UBS Group cut shares of Siemens Energy from a "hold" rating to a "strong sell" rating in a research note on Monday, January 20th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Siemens Energy has an average rating of "Hold".

Check Out Our Latest Analysis on SMNEY

Siemens Energy Stock Performance

The firm's 50 day moving average is $55.46 and its 200-day moving average is $44.02. The stock has a market capitalization of $51.59 billion and a price-to-earnings ratio of -307.33.

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 for the quarter. As a group, sell-side analysts forecast that Siemens Energy AG will post 0.24 earnings per share for the current year.

About Siemens Energy

(Get Free Report)

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.

Further Reading

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