Siemens (OTCMKTS:SIEGY) Shares Gap Down – Here’s Why

Siemens AG (OTCMKTS:SIEGY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $149.21, but opened at $138.89. Siemens shares last traded at $138.34, with a volume of 51,353 shares.

Analyst Ratings Changes

Several brokerages have weighed in on SIEGY. Kepler Capital Markets cut shares of Siemens from a “hold” rating to a “reduce” rating in a research report on Tuesday, January 27th. Zacks Research upgraded shares of Siemens from a “strong sell” rating to a “hold” rating in a report on Thursday, January 15th. Erste Group Bank downgraded Siemens from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Santander upgraded Siemens from a “neutral” rating to an “outperform” rating in a research report on Wednesday, February 4th. Finally, Sanford C. Bernstein assumed coverage on Siemens in a report on Wednesday, January 7th. They set an “outperform” rating for the company. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Siemens Stock Performance

The firm has a market cap of $224.38 billion, a P/E ratio of 24.81 and a beta of 1.25. 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 has a fifty day simple moving average of $146.10 and a 200-day simple moving average of $139.61.

Siemens (OTCMKTS:SIEGY) last issued its quarterly earnings results on Thursday, February 12th. The technology company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.23. Siemens had a net margin of 9.93% and a return on equity of 12.37%. The company had revenue of $22.70 billion during the quarter, compared to analyst estimates of $18.95 billion. On average, sell-side analysts predict that Siemens AG will post 6.59 EPS 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.