Siemens Energy (OTCMKTS:SMNEY) Hits New 52-Week High – What’s Next?

Shares of Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY) hit a new 52-week high on Thursday . The company traded as high as $158.5850 and last traded at $158.10, with a volume of 325500 shares changing hands. The stock had previously closed at $152.96.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SMNEY shares. Royal Bank Of Canada restated an “outperform” rating on shares of Siemens Energy in a research report on Friday, November 21st. Sanford C. Bernstein initiated coverage on shares of Siemens Energy in a report on Wednesday, January 7th. They issued an “outperform” rating for the company. Rothschild Redb downgraded shares of Siemens Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 15th. Jefferies Financial Group raised shares of Siemens Energy from a “hold” rating to a “buy” rating in a research note on Sunday, November 9th. Finally, Berenberg Bank upgraded shares of Siemens Energy to a “strong-buy” rating in a research report on Thursday, October 2nd. Three research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Siemens Energy has a consensus rating of “Buy”.

Siemens Energy Price Performance

The company has a 50 day moving average price of $141.17 and a 200-day moving average price of $124.06. The company has a quick ratio of 0.63, a current ratio of 0.90 and a debt-to-equity ratio of 0.23. The company has a market cap of $134.99 billion, a price-to-earnings ratio of 95.41 and a beta of 1.97.

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.