Siemens (OTCMKTS:SIEGY) Reaches New 52-Week High – What’s Next?

Siemens AG (OTCMKTS:SIEGY) reached a new 52-week high during trading on Thursday . The company traded as high as $161.80 and last traded at $160.5425, with a volume of 42349 shares. The stock had previously closed at $152.53.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Sanford C. Bernstein started coverage on shares of Siemens in a research report on Wednesday, January 7th. They set an “outperform” rating for the company. Zacks Research raised Siemens from a “strong sell” rating to a “hold” rating in a report on Thursday, January 15th. Evercore initiated coverage on shares of Siemens in a research note on Monday, December 15th. They set an “outperform” rating on the stock. Erste Group Bank downgraded shares of Siemens from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Kepler Capital Markets lowered Siemens from a “hold” rating to a “reduce” rating in a report on Tuesday, January 27th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Siemens Stock Performance

The company has a quick ratio of 1.15, a current ratio of 1.37 and a debt-to-equity ratio of 0.66. The business’s 50-day simple moving average is $145.16 and its two-hundred day simple moving average is $139.10. The firm has a market cap of $248.10 billion, a price-to-earnings ratio of 23.35, a P/E/G ratio of 3.39 and a beta of 1.25.

Siemens (OTCMKTS:SIEGY) last posted its quarterly earnings data on Thursday, November 13th. The technology company reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.39). The business had revenue of $24.94 billion during the quarter, compared to analysts’ expectations of $21.49 billion. Siemens had a net margin of 12.05% and a return on equity of 11.65%. As a group, sell-side analysts expect that Siemens AG will post 6.59 earnings per share for the current fiscal year.

About Siemens

Siemens AG is a German multinational conglomerate headquartered in Munich that develops and sells infrastructure and industrial technology. The company’s activities cover a broad range of engineering and technology solutions, including industrial automation and control systems, software for product lifecycle and factory automation, building and energy management systems, and transportation solutions such as rolling stock and rail signaling. Siemens serves industrial, commercial and public-sector customers with products and turnkey systems as well as lifecycle services and digital solutions.

Siemens operates through multiple business units that emphasize digitalization, electrification and automation across industries.