Berenberg Bank Lowers SMA Solar Technology (OTCMKTS:SMTGF) to Hold

Berenberg Bank downgraded shares of SMA Solar Technology (OTCMKTS:SMTGF) from a buy rating to a hold rating in a report published on Wednesday morning, The Fly reports.

Shares of SMTGF opened at $49.15 on Wednesday. The stock has a 50-day moving average of $47.05 and a 200-day moving average of $52.10. SMA Solar Technology has a one year low of $43.00 and a one year high of $82.50.

About SMA Solar Technology

SMA Solar Technology AG, together with its subsidiaries, develops, produces, and sells solar and battery inverters, monitoring systems for photovoltaic (PV) systems, medium-voltage technology products, transformers, and chokes worldwide. The company offers string and central solar inverters for various module types, grid-connection and feeding into stand-alone grids, small house systems, and commercial systems; battery inverters for high-voltage batteries, on- and off-grid applications, commercial and industrial storage solutions, storage solutions, and accessories; and preconfigured system components.

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