Siemens Energy (OTCMKTS:SMNEY) Hits New 12-Month High – Time to Buy?

Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY) reached a new 52-week high on Monday . The stock traded as high as $151.26 and last traded at $149.5325, with a volume of 28685 shares changing hands. The stock had previously closed at $143.97.

Wall Street Analyst Weigh In

SMNEY has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Siemens Energy in a report on Friday, November 14th. Morgan Stanley restated an “overweight” rating on shares of Siemens Energy in a report on Monday, December 8th. Jefferies Financial Group upgraded shares of Siemens Energy from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. Royal Bank Of Canada reissued an “outperform” rating on shares of Siemens Energy in a research note on Friday, November 21st. Finally, Rothschild Redb lowered Siemens Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 15th. Three research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Siemens Energy has a consensus rating of “Moderate Buy”.

Siemens Energy Stock Up 3.5%

The firm has a market cap of $119.13 billion, a P/E ratio of 84.20 and a beta of 1.97. The stock’s 50 day simple moving average is $132.42 and its 200 day simple moving average is $119.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.90.

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.