Siemens Energy (OTCMKTS:SMNEY) Sets New 1-Year High – Time to Buy?

Siemens Energy AG (OTCMKTS:SMNEY)’s share price reached a new 52-week high on Monday . The stock traded as high as $102.91 and last traded at $101.78, with a volume of 92572 shares changing hands. The stock had previously closed at $97.32.

Wall Street Analyst Weigh In

Several analysts have weighed in on SMNEY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Siemens Energy in a research report on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Siemens Energy in a research report on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Siemens Energy currently has a consensus rating of “Moderate Buy”.

Siemens Energy Stock Performance

The business has a 50-day moving average price of $83.57 and a 200 day moving average price of $66.58. The stock has a market capitalization of $81.53 billion and a P/E ratio of 463.64.

Siemens Energy (OTCMKTS:SMNEY) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.52 EPS for the quarter. The company had revenue of $10.48 billion during the quarter. As a group, research analysts forecast that Siemens Energy AG will post 0.24 earnings per share for the current fiscal year.

Siemens Energy Company Profile

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.