Siemens Energy (OTCMKTS:SMNEY) Hits New 52-Week High – Time to Buy?

Siemens Energy AG (OTCMKTS:SMNEYGet Free Report)’s stock price reached a new 52-week high on Monday . The stock traded as high as $67.05 and last traded at $66.91, with a volume of 157017 shares changing hands. The stock had previously closed at $64.90.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SMNEY shares. UBS Group lowered Siemens Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 20th. Morgan Stanley reissued an “overweight” rating on shares of Siemens Energy in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

View Our Latest Stock Analysis on SMNEY

Siemens Energy Price Performance

The company has a market cap of $53.48 billion and a price-to-earnings ratio of -318.62. The stock has a 50-day moving average price of $58.13 and a 200 day moving average price of $48.38.

Siemens Energy (OTCMKTS:SMNEYGet Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.24 EPS for the quarter. Sell-side analysts expect that Siemens Energy AG will post 0.24 EPS for the current fiscal year.

Siemens Energy Company Profile

(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.

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