Siemens Aktiengesellschaft (OTCMKTS:SMAWF) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Siemens Aktiengesellschaft (OTCMKTS:SMAWF)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $274.77 and traded as low as $273.90. Siemens Aktiengesellschaft shares last traded at $280.2450, with a volume of 307 shares trading hands.

Siemens Aktiengesellschaft Price Performance

The stock has a fifty day simple moving average of $274.77 and a two-hundred day simple moving average of $268.67.

Hedge Funds Weigh In On Siemens Aktiengesellschaft

A number of institutional investors have recently added to or reduced their stakes in the company. Generali Investments CEE investicni spolecnost a.s. lifted its stake in Siemens Aktiengesellschaft by 5.6% in the second quarter. Generali Investments CEE investicni spolecnost a.s. now owns 44,611 shares of the company’s stock valued at $11,474,000 after acquiring an additional 2,368 shares during the last quarter. Boston Common Asset Management LLC bought a new stake in shares of Siemens Aktiengesellschaft in the 2nd quarter valued at about $34,898,000. Finally, GAMMA Investing LLC raised its holdings in shares of Siemens Aktiengesellschaft by 51.8% in the 3rd quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock valued at $146,000 after purchasing an additional 186 shares during the period. 23.99% of the stock is currently owned by institutional investors and hedge funds.

About Siemens Aktiengesellschaft

Siemens Aktiengesellschaft is a German multinational conglomerate headquartered in Munich, renowned for its role as a global leader in electrification, automation and digitalization. Founded in 1847 by Werner von Siemens, the company has grown into one of the world’s largest industrial manufacturing enterprises. Siemens operates across numerous geographies, serving customers in Europe, the Americas, Asia-Pacific, the Middle East and Africa, with a broad network of production facilities, research centers and sales offices.

The company is organized into key divisions that address critical infrastructure and industry needs.