Siemens Energy (OTCMKTS:SMNEY) Posts Quarterly Earnings Results

Siemens Energy (OTCMKTS:SMNEY) posted its quarterly earnings results on Wednesday. The company reported $0.24 earnings per share (EPS) for the quarter, Zacks reports.

Siemens Energy Stock Performance

Siemens Energy stock traded up $3.26 during mid-day trading on Thursday, reaching $62.65. 548,722 shares of the company were exchanged, compared to its average volume of 386,757. The firm has a market cap of $50.08 billion and a P/E ratio of 42.62. The business has a fifty day moving average of $54.90 and a 200 day moving average of $43.13. Siemens Energy has a 12-month low of $14.09 and a 12-month high of $63.46.

Analyst Upgrades and Downgrades

Separately, UBS Group cut shares of Siemens Energy from a “hold” rating to a “strong sell” rating in a report on Monday, January 20th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

About Siemens Energy

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.