Siemens Energy (OTCMKTS:SMNEY) Hits New 52-Week High – Still a Buy?

Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $172.58 and last traded at $172.54, with a volume of 125148 shares. The stock had previously closed at $167.26.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group raised Siemens Energy from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. UBS Group upgraded Siemens Energy from a “strong sell” rating to a “buy” rating in a research note on Friday. Citigroup reissued a “neutral” rating on shares of Siemens Energy in a report on Thursday, October 2nd. Berenberg Bank raised shares of Siemens Energy to a “strong-buy” rating in a report on Thursday, October 2nd. Finally, Rothschild Redb cut shares of Siemens Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 15th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Siemens Energy currently has an average rating of “Buy”.

Siemens Energy Stock Up 3.2%

The firm has a fifty day moving average price of $142.86 and a 200 day moving average price of $125.18. The company has a quick ratio of 0.63, a current ratio of 0.90 and a debt-to-equity ratio of 0.23. The company has a market cap of $147.58 billion, a P/E ratio of 97.48 and a beta of 1.97.

Siemens Energy Company Profile

Siemens Energy AG is a global energy technology company headquartered in Germany that provides equipment, systems and services across the power generation and transmission value chains. Established as an independent public company through a spin-off of Siemens AG’s energy businesses in 2020, Siemens Energy draws on a long industrial heritage to design, manufacture and service technologies used by utilities, industrial customers and the oil and gas sector.

The company’s product and service portfolio includes gas and steam turbines, generators, transformers and high-voltage transmission equipment as well as grid connection and power-conversion systems.