SMA Solar Technology (OTCMKTS:SMTGF) Stock Price Down 0.1% – Here’s Why

SMA Solar Technology AG (OTCMKTS:SMTGF) shares dropped 0.1% during mid-day trading on Monday . The stock traded as low as $37.05 and last traded at $38.72. Approximately 1,900 shares traded hands during trading, an increase of 117% from the average daily volume of 877 shares. The stock had previously closed at $38.74.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a “hold” rating on shares of SMA Solar Technology in a report on Monday, October 27th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

SMA Solar Technology Trading Down 0.1%

The company has a fifty day moving average price of $34.21 and a 200-day moving average price of $27.73.

SMA Solar Technology Company Profile

SMA Solar Technology AG is a Germany-based company specializing in the development, production and sale of photovoltaic inverters and energy management solutions for all types of solar power applications. The company’s product portfolio spans string inverters, central inverters and hybrid inverter systems designed for residential, commercial and utility-scale installations. In addition to core inverter technology, SMA offers integrated energy storage solutions, system monitoring platforms and digital services aimed at optimizing solar power generation and grid integration.

Founded in 1981 and headquartered in Niestetal near Kassel, SMA Solar Technology has grown into a global supplier with a presence in Europe, the Americas and Asia-Pacific.