SMA Solar Technology (OTCMKTS:SMTGF) Stock Price Down 7.4% – Here’s What Happened

Shares of SMA Solar Technology AG (OTCMKTS:SMTGF) traded down 7.4% during mid-day trading on Friday . The stock traded as low as $40.40 and last traded at $40.40. 263 shares changed hands during trading, a decline of 27% from the average session volume of 360 shares. The stock had previously closed at $43.65.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “hold” rating on shares of SMA Solar Technology in a research report on Monday, October 27th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

SMA Solar Technology Stock Performance

The stock’s 50 day moving average price is $40.50 and its two-hundred day moving average price is $31.26.

About SMA Solar Technology

SMA Solar Technology AG is a Germany-based company specializing in the development, production and sale of photovoltaic inverters and energy management solutions for all types of solar power applications. The company’s product portfolio spans string inverters, central inverters and hybrid inverter systems designed for residential, commercial and utility-scale installations. In addition to core inverter technology, SMA offers integrated energy storage solutions, system monitoring platforms and digital services aimed at optimizing solar power generation and grid integration.

Founded in 1981 and headquartered in Niestetal near Kassel, SMA Solar Technology has grown into a global supplier with a presence in Europe, the Americas and Asia-Pacific.