Siemens Energy (OTCMKTS:SMNEY) Sets New 1-Year High – What’s Next?

Shares of Siemens Energy AG (OTCMKTS:SMNEY) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $57.13 and last traded at $56.26, with a volume of 88550 shares changing hands. The stock had previously closed at $53.61.

Analyst Ratings Changes

Separately, Citigroup raised Siemens Energy to a “hold” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Siemens Energy Trading Down 6.2 %

The company’s 50 day moving average price is $50.35 and its two-hundred day moving average price is $38.02. The stock has a market cap of $41.79 billion and a P/E ratio of 35.56.

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.